Greenspan: U.S. Moving Closer to Recession

Former Federal Reserve chairman Alan Greenspan said this morning that even though it seems more and more probable that the United States is headed into a recession, what is remarkable is that the likelihood of a recession is not already higher. "The probabilities of a recession have moved up to close to 50 percent -- whether it's above or below is really extraordinarily difficult to tell. I think that's correct," he said in an exclusive "This Week" interview with George Stephanopoulos. "The...Full Story
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