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US economy grows at 1.4% rate in the fourth quarter, slower than expected

WASHINGTON (AP) — U. S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product — the output of goods and services — increased at a 1. 4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4. 4% in the July-September quarter and 3. 8% in the quarter before that. Consumer spending rose just 2. 4%, a significant 3...

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