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US economy showing strength as spending cuts loom

Associated Press
US economy showing strength as spending cuts loom

FILE - In this Friday, Jan. 11, 2013 photo, a construction worker works at a new home under construction in Chicago. U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. (AP Photo/Nam Y. Huh, File)

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