Category: News

Growth Slows to 2.1%, Beating Estimates

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week.

Dear Congress: Repeal FET, coalition letter pleads

The Modernize the Truck Fleet (MTF) coalition, joined by the road builders, trucking, logistics and manufacturing industries, have sent a letter to congressional leaders urging repeal of the outdated federal excise tax (FET) levied on the sale o