January 2009
Las Vegas Business Press (10712186);1/19/2009, Vol. 26 Issue 3, p15
This section offers news briefs on the U.S. economy as of January 19, 2009. There was a 2.7% drop in sales at retailers in December 2008 as job losses and lack of credit led the public to reduce consumption. According to Federal Reserve Chairman Ben Bernanke, a fiscal stimulus is incapable of triggering an economic recovery and the government may need to buy the assets of banks to revive growth. The budget deficit has increased to a record $485.2 billion in the first quarter of 2009.


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