Brenda Sagorski

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U.S. consumer spending exits second quarter with strong momentum

WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in June as households bought goods and services, suggesting strength that appeared to be sustained early in the third quarter with auto sales surging to an eight-month high in July.<p>A woman carries shopping bags while walking in …

Oversight Scrutinized After Deadliest Hot Air Balloon Accident In U.S. History

After a hot air balloon crash in Texas on Saturday killed all 16 people aboard, revelations about the pilot's past are raising questions about the oversight of balloon operators.<p>The pilot had drunken driving and drug convictions that would probably have blocked him from getting an airline pilot's …