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CBS Evening News with Norah O'Donnell, 07/28

CBS Evening News

00:00

We Are in a Recession

The economy has contracted for two quarters in a row, considered the basic indicator of a recession. Business investment fell from april through june, and consumer spending slowed. People are shrieking out that prices remain high. It is hurding who make less than the median household income of 60 or 70 thousand dollars. And frankly, is hurting everyone.

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