Economy Slammed on the Brakes in the First Quarter

The U.S. economy all but stalled in the first quarter, as the brutal winter crippled growth, government data showed Wednesday.

The Commerce Department said economic growth slowed to a 0.1 percent annual pace, the slowest since the fourth quarter of 2012. Economists had been expecting a growth rate of about 1.2 percent, down from the fourth quarter's 2.6 percent pace.