U.S. Economy Shrank in 4th Quarter

Wall Street Journal: “U.S. economic momentum screeched to a halt in the final months of
2012, as businesses pared back inventories and government spending fell
sharply, while lawmakers struggled to reach a deal on tax increases and
budget cuts. The nation’s gross domestic product shrank for the first time in
three and a half years during the fourth quarter, declining at an annual
rate of 0.1% between October and December.”