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Tag Archives: Recession

Bernanke warns Congress to avoid ‘fiscal cliff’

NEW YORK — Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures ...

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Service economy weakens slightly, but hiring is up

WASHINGTON — U.S. service companies grew at a slightly weaker pace in October than September because sales and new orders slowed. But a measure of employment rose, indicating services firms hired more. The Institute for Supply Management said Monday that ...

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