Budget Cuts Spread Alarm Over Weakening U.S. Economy04:58
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Trader Stephen Guilfoyle works on the floor of the New York Stock Exchange. (AP)
Trader Stephen Guilfoyle works on the floor of the New York Stock Exchange. (AP)

Increasingly economists say the chances of a recession in the U.S. are growing.

The last "double-dip" recession occurred in 1981, but many analysts say that large cuts in government spending could knock the faltering economy back into recession territory.

Guest:

  • Binyamin Appelbaum, Washington correspondent for the New York Times

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