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Latest Business News: U.S. would Get Short-term Job Spike If Spending Cuts Reversed

Wochit 0:55 mins

The Congressional Budget Office estimated the economy would enjoy a short-term boost with up to 1.6 million jobs being added if Congress were to cancel more than $100 billion in upcoming automatic spending cuts required of the federal government. The struggling gaming company, with revenue down 31 percent from last year, beat Wall Street's expectations, but says it will no longer pursue a gambling licence in the U.S. Zynga is giving up what many investors had hoped might be its trump card: a real-money gaming business in the U.S. The company, which has been testing out real-money casino games in the U.K. said it won't be pursuing a U.S. license after all in its second quarter earnings report.

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