The Federal Reserve says the U.S. economy is growing modestly, a downgrade from its June assessment. The Fed expects growth will pick up in the second half of the year, but the more cautious message ... more 
The Federal Reserve says the U.S. economy is growing modestly, a downgrade from its June assessment. The Fed expects growth will pick up in the second half of the year, but the more cautious message may signal it's not ready to slow its bond purchases soon. A U.S. judge ruled that the Federal Reserve ignored the intent of Congress regarding a controversial cap on debit card "swipe fees" that are part of a dispute between banks and retailers. President Barack Obama sought to reassure Democrats nervous about the impact of his health care law and the prospects for immigration legislation, telling them "You're on the right side of history." less 
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Wochit
Wed, Jul 31, 2013 4:03 PM EDT