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Fear trumps hope on recession

Fed, administration look for quick $150b stimulus as downbeat indicators send stocks plunging 300 points

By Robert Gavin
Globe Staff / January 18, 2008

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The Bush administration and Federal Reserve chairman Ben Bernanke agreed yesterday that the federal government should pump as much as $150 billion into the faltering US economy, but it wasn't enough to stem recession fears that swamped investors and added to Wall Street's losing streak. (Full article: 754 words)

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