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After near-stall in late 2012, US economy picks up

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WASHINGTON (AP) — After nearly stalling in late 2012, the American economy quickened its pace early this year despite deep government cutbacks. The strongest consumer spending in two years fueled a 2.5 percent annual growth rate in the January-March quarter. The question is: Can it last? Federal spending cuts, higher Social Security taxes and cautious businesses are likely to weigh on the...

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