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US economy contracts for the first time in 3-1/2 years
By:
feeds/business+feeds/businessvideo
Posted on January 30, 2013 at 08:41 AM EST
The U.S. economy stopped dead in its tracks in the last three months of 2012 as the halting recovery was slammed by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
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