U.S. Retail Sales Jump in January in Positive Sign for Economy

The U.S. retail sales were much higher than economists projected in January, ending a multi-month streak of underperformance, according to the Commerce Department.

Retail sales increased 5.3% and totaled $568.2 billion in January, according to the Department of Commerce report released Wednesday. Economists had predicted retail sales to increase by 1.2%, The New York Times reported.

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The Department of the Interior Will Pay 1,900 Local Governments $553 Million in ‘Lost Tax Revenue’ in 2018

federal lands

by Daniel Di Martino   Over 1,900 local governments received $553 million from the Department of Interior this year to compensate them for lost tax revenue for federal lands that cannot be developed in their territory. These payments are the consequence of more than 640 million acres of land, which amounts to 28 percent of…

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