US Economy, Revised

U.S. President Barack Obama speaks about the about progress in the economy since the financial crises that happened five years ago, in the Rose Garden at the White House on September 16, 2013.

GDP for the first quarter was revised sharply downward, due primarily to lower-than-expected healthcare spending. Diane Brady, Bloomberg Businessweek senior editor and the author of Fraternity (Spiegel & Grau, 2013) talks about the drop, and why markets aren't reacting more strongly to the news.