National Debt Clock

Friday, July 31, 2009

Recession Worse Than Prior Estimates, Revisions Show

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNivTjr852TI

"The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed."

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