U.S. Economy

• A revision to first quarter estimate of growth in the U.S. shows that the economy contracted NPR
• Accelerating housing market supported by strengthening labor market Reuters
• The median price for a new home sold last month came in just under $300,000 The Wall Street Journal
• The US jobless claim rose unexpectedly by 7,000 claims CNBC

Around the World

• European negotiations to provide aid to Greece are stagnant even as IMF payments loom Bloomberg
• China reversed its financial reforms to reduce local debt in order to continue borrowing and bolster the economy Bloomberg
• Canada’s economy contracted during the first quarter, the first decline in economic activity since 2009 Bloomberg

Personal Finance

• Assessing 529 college savings plans Reuters
• The majority of homeowners and renters are under-insured USA Today
• Understanding the collection of social security benefits The New York Times