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Independent voices from the The Washington Times Communities
Topic - Steven A. Hess
The U.S. economy has fared better than expected this year after widespread fears that $85 billion of automatic spending cuts and sharp increases in taxes imposed at the beginning of the year would snuff out growth.
"The economic growth trend in the U.S. stands in stark contrast to the fiscal tightening and slowdown observed in other major global economies," said Steven A. Hess, senior vice president at Moody's Investors Service.