US in recession since March, panel confirms

US - The struggling U.S. economy slipped into a recession in March, snapping a record 10-year-long expansion on its anniversary date, a panel of economists that dates U.S. business cycles said on Monday.

The National Bureau of Economic Research said that, after considering the extra blow the economy suffered from the Sept. 11 attacks, it had decided the economic slowdown was so pronounced that the economy was in fact in recession.

"The committee is satisfied that the total contraction in the

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