US Economy Expanded at Weak 1.5 Pct. Pace in Second Quarter

The struggling economy grew at a 1.5 percent pace in the second quarter, the government reported today, confirming a slowdown that has seen companies curtail hiring and investment as consumers cut spending. The Commerce Department's release of its first advanced estimate of U.S. gross domestic product (GDP) in the second quarter is being closely watched by economists. The turmoil in Europe over the faltering euro and indebted governments has spilled over to the US, which is battling...Full Story
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