US on brink of double dip recession

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US on brink of double dip recession
A yawning budget deficit, legacy of the stimulus and collapsing tax receipts; a jobless rate stuck near 10 per cent; consumer spending – historically, its elixir – in a deep trough; housing in the doldrums, foreclosures again quickening; trade souring; the central bank pushed into another round of credit easing; deep divisions over fiscal policy on Capitol Hill as congressional elections loom …
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