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The U.S. economy staged a comeback during the first three months of the year, according to new figures released by the Commerce Department. The agency reports the economy grew at an annual rate of 4.8 percent in the first quarter, more than twice as fast as in the previous quarter.

The Commerce Department reports that the nation's economy shrank at 6.1 percent pace in the first quarter, worse than economists had expected. While consumer spending rebounded, businesses cut back sharply and U.S. exports saw their biggest drop in 40 years.

U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks.

More bad news for the economy this week: A new report showed more than a half-million American jobs lost in November alone — the most since 1974. Meanwhile, a report says 1 in 10 homeowners with mortages are a month behind in payments or already in foreclosure. And automakers are begging for financial help.

More Americans lost jobs in January than in any month in the past 34 years, adding to the nation's strained unemployment roll as the Obama administration tries to pull the economy out of a tailspin. This was the deepest cut in payrolls since December 1974.

Florida's economy is continuing to recover from the recession. Economists from the Governor's office and the Legislature Friday revised upward their…

Floridians are enthusiastic about the economy and their personal budgets. That’s according to a survey by the University of Florida. Consumer confidence...

Americans are unhappy with the state of the economy and President Bush's handling of it. But they are more positive about their own economic picture, according to a new NPR poll.

The former southern African breadbasket of Zimbabwe is in the midst of an economic and social meltdown. Zimbabwe's annual inflation tops 1,000 percent, the highest in the world. The country's economy has shrunk by almost a third since 2000. And there are regular shortages of everything from gasoline to basic food staples.

Wall Street is reeling from a falling dollar, soaring oil prices and mortgage losses. However, Federal Reserve Chairman Ben Bernanke tells lawmakers the economy is still humming along reasonably well.