Wednesday 30 January 2013

NBCNews.com: Top NBCNews headlines: US economy contracts for the first time in 3-1/2 years

NBCNews.com: Top NBCNews headlines
NBCNews.com is a leader in breaking news and original journalism.
US economy contracts for the first time in 3-1/2 years
Jan 30th 2013, 13:41

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.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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