U.S. Economy Expected To Bounce Back After Record Decline

The U.S. economy dropped more than 31% in the spring, but it's expected to rebound at a record rate this quarter.

According to a new Commerce Department report, the decline was more than three times as much as the previous record, which was set in 1958.

Experts predict the economy will expand at an annual rate of about 30% this quarter. But many say that growth could slow or even slip back into a recession if Congress doesn't pass another stimulus bill or if economic activity is further restricted.