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Cliff would push U.S. jobless rate to 9% - former Fed official

Thursday, November 08, 2012 - 01:28

Former Federal Reserve chief economist David Stockton warns the U.S. economy would see unemployment spike to 9% if lawmakers fail to reach agreement and the fiscal cliff takes effect in January 2013, with Bush-era tax cuts expiring and automatic cuts in federal spending taking effect. (November 8, 2012}

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Cliff would push U.S. jobless rate to 9% - former Fed official

Thursday, November 08, 2012 - 01:28