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The U.S. economy is growing at a slower pace than anticipated and Congress agrees on a solution for those long airport delays travelers have faced this week. Here's the Friday Bloomberg After The Bell Report from the New York Stock Exchange.
Legislation to end air-traffic controller furloughs and the lengthy airport delays tied to them overwhelmingly passed in the U.S. House. The measure allows the FAA more flexibility with its budget. Legislators managed to push the fix through just before they left to fly home ahead of next week's congressional recess.
A report out from the Commerce Department shows the U.S. economy grew 2.5 percent in the first quarter, about half a percentage point less than economists surveyed by Bloomberg had forecast. That GDP report and disappointing earnings left stocks little changed.
In the race for the country's most popular rechargeable car, Tesla is winning. The battery-car company's luxury Model S sedan is leading plug-in sales this year, overtaking GM's Chevy Volt. The sales victory is a first for the automaker and coincides with Tesla's announcement that it would report a first-quarter profit, also a first for the decade-old company.