Drought slowing economic growth

Drought slowing economic growth

September 27, 2012 4:07 PM

The Commerce Department has put out a new report showing economic growth was less than previously thought during the second quarter of 2012. As Anthony Mason reports, the government says much of the downward revision can be blamed on the drought.

Data suggest US economy growing only modestly
  • Recommended
  • Oklahoma National Guardsmen comb through rubble Oklahoma National Guardsmen comb through rubble

    2:06 May 21, 2013

  • Mother and daughter share stories of survival Mother and daughter share stories of survival

    2:46 May 21, 2013

  • Saving the kids: One teacher's mission to keep her class safe Saving the kids: One teacher's mission to keep her class safe

    2:23 May 21, 2013

  • Tornado in Moore, Okla., was an EF5, the most powerful there is Tornado in Moore, Okla., was an EF5, the most powerful there is

    1:59 May 21, 2013

  • The next day: Search-and-rescue operations become search-and-recovery efforts The next day: Search-and-rescue operations become search-and-recovery efforts

    3:38 May 21, 2013

  • Okla. tornado survivor finds dog buried alive under rubble Okla. tornado survivor finds dog buried alive under rubble

    3:05 May 20, 2013

  • At least 51 dead after tornado strikes Oklahoma City suburb At least 51 dead after tornado strikes Oklahoma City suburb

    5:07 May 20, 2013