BP Delays New Attempt to Stop Oil Leak
VENICE, La. — As Louisiana state and local officials continue to hammer BP and the federal agencies responding to the Gulf of Mexico oil spill, repeatedly threatening to “take matters into our own hands” if the response falls short, BP said Monday morning that it was further delaying its next attempt to shut off the leak.
Existing home sales jump in April on tax credit
The National Association of Realtors said sales rose 7.6 percent month-over-month to an annual rate of 5.77 million units, the highest since November, from a slightly upwardly revised 5.36 million-unit pace in March.
Analysts polled by Reuters had expected April sales to increase 5.6 percent to a 5.65 million-unit pace from the previously reported 5.35 million units in March. Sales were up 22.8 percent in the 12 months to April.
Economists See Solid US Growth
The U.S. economy should expand at a solid pace this year and next as consumers increase spending, confident the recession is behind them, a panel of economists said in a survey released Monday.
The 46 economists surveyed in the National Association for Business Economics report between April 27 and May 7 predicted U.S. gross domestic product would expand by 3.2% in 2010 and 2011.
That is a touch higher than the 3.1% growth predicted for both years in the last survey, released Feb. 10.