Economy slows to 2.2 percent growth in third quarter
The Commerce Department revises GDP for July through September to 2.2 percent, signaling a cooling economy. Forecasters cut near term and next year's outlook while Clinton officials caution against political timing. Dow rises 168.36 points to 10,487.29. Nasdaq gains 7.64 to 2,340.42.
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Recall alert for artificial trees and Christmas lights
The Consumer Product Safety Commission announced voluntary recalls of Walgreens 3 foot fiber optic artificial trees and several lines of miniature Christmas lights sold in New York. fires and electric shocks are possible due to overheating color wheels and undersized wires. no injuries reported. Refunds offered at purchase points.
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Clinton Signs Education Spending Bill
President Clinton signed a major education education spending bill as part of the 1.8 trillion federal budget. The ceremony in the Eisenhower Building featured youngsters behind him while increases target Education Department programs, after-school centers and health research.
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