Yahoo! Philippines News - Latest Philippines News & International News Headlines: US economy hit brakes in fourth quarter

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US economy hit brakes in fourth quarter Jan 30th 2013, 22:28 The US economy shrank in the fourth quarter last year as Washington slashed defense spending and businesses trimmed inventories ahead of the feared fiscal cliff, Commerce Department data showed Wednesday. Media files: photo_1359555012812-6-HD.jpg (image/jpeg)

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