Treasury’s Paulson: U.S. economy in sharp downturn (Reuters)

U.S. Secretary of Treasury Henry Paulson speaks after attending the President's Working Group on Financial Markets at the White House in Washington March 17, 2008. (Larry Downing/Reuters)Reuters - U.S. Treasury Secretary Henry
Paulson said on Tuesday the U.S. economy had turned down
sharply but declined to label the situation a recession.


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