Reports Confirm Decelerating Economy

Reports confirm decelerating economy

The latest evidence on the economy suggests that the tense standoff between Congress and the Obama administration over raising the debt ceiling is coming at a terrible time — not in a period of robust or even passable growth, but at a time the U.S. economy is barely eking out any expansion at all. “We had lost momentum even before the debt limit really became a big issue,” said James F.

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