Growth and Income: The economy’s rate of expansion in the third quarter was faster than previously thought. The government revised its estimate to 3.6%, up from 2.8%. It’s the first time growth has exceed 3% since the first quarter of …

National: Detroit yesterday became the largest city in American history to file for bankruptcy. The country’s fourth largest city has only 700,000 people but a $400 million budget deficit and $18 billion in long-term debt.  Detroit’s emergency manager Kevyn Orr …

National: President Obama yesterday signed an order to begin the $85 billion in budget cuts known as the sequester. He spoke to the press yesterday shortly after the failure of a last-minute meeting with Republicans to avoid drastic across the …