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IPFS News Link • Economy - Economics USA

Bush acknowledges for first time that US economy is 'in a recession'

12-05-2008 • Rawstory.com

WASHINGTON — US President George W. Bush on Friday acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974.

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Reported By Ernest Hancock

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Bush acknowledges for first time that US economy is 'in a recession'

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