Economy shrank 2.9 percent in early 2014

The U.S. economy felt the worst aftershock of the recession yet in the first quarter of the year, shrinking 2.9 percent.

The third and final revision of Commerce Department data shows the quarter, weighed down by a brutal winter, was even worse economically than previously thought. The government had estimated the economy shrank by 1 percent in the first three months of the year.