US economy shrinks 0.1 pct., first time in 3 ½ years; deep cut in defense spending key factor

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Associated Press

Posted on January 30, 2013 at 8:01 AM

Updated Wednesday, Jan 30 at 8:02 AM

WASHINGTON (AP) — US economy shrinks 0.1 pct., first time in 3 ½ years; deep cut in defense spending key factor.

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