Transcripts for CNN CNN Newsroom 20130731 13:17:00 : vimarsa

CNN CNN Newsroom July 31, 2013 13:17:00

you're talking about immigration and that really could seal that bill's fate in the fall. >> we'll see. we're waiting with bated breath as they say. dana bash, many thanks to you. let's look at your money now. a surprise jump for the american economy. we're still a long way from where we need to be, though. cnn business guru christine romans is in new york to break it all down for us. good morning, christine. >> good morning, carol. i would say we're crawling forward here. these economic numbers show we're crawling forward in the second quarter. economy growing at 1.7 annual rate and that's better, better than anyone thought it would, but look at the last three quarters and fourth quarter of last year, first quarter of this year and second quarter and that's still below potential. still below par. you want to see it growing more. one thing i'll say about the second quarter is that economists saying this economy is slogging through the worst of those federal budget cuts, the

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