The U.S. economy contracted in the first quarter of this year, according to new numbers from the Commerce Department, which reported that the U.S. GDP shrank at a 0.7 percent seasonally-adjusted annual rate in the first quarter.
Bad weather and a strong dollar that hurt U.S. exports are thought to be contributing factors. Here & Now’s Jeremy Hobson speaks with Mike Regan of Bloomberg News about the report, and also about the latest on negotiations over Greece’s debt.
Guest
- Michael Regan, editor at Bloomberg News. He tweets @Reganonymous.
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