Consumers cut back sharply on spendingQuicklink submitted by Margaret Bassett Permalink
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|Consumers, taking a beating from the worst financial crisis in seven decades, cut back sharply on their spending in October, pushing retail sales down by a record amount.
As President George W. Bush and other world leaders gathered for a weekend summit to search for ways out of the mess, Federal Reserve Chairman Ben Bernanke on Friday pledged to cooperate with other central banks to deal with financial markets he said remain
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