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US Economy faces challenges admits US President

New York Times reports today that US President Gorge Bush while speaking at Union League Club in Chicago has admitted, that the nation faces “economic challenges” due to rising oil prices, the home mortgage crisis and a weakening job market.
New York Times further reports that Mr. Bush stopped short of warning that the nation may be about to enter a recession. It also reported that a number of analysts now predicting that an economic downturn could be imminent. Read the artilce
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