Recession deepens, countries boost spending (Reuters) E-mail
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Written by Automated News Feed   
Thursday, 25 December 2008 19:26

Last minute holiday shoppers pass a sign at a retail store that reads 'Believe' in San Francisco, California December 24, 2008. (Robert Galbraith/Reuters)Reuters - The United States fell deeper into recession, data showed on Wednesday, as the number of people filing for jobless benefits hit a 26-year high last week and consumers cut spending for the fifth consecutive month.



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