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Drop in GDP a preview for area: Sequestration would have 'devastating impact' locally

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Sequestration would have 'devastating impact' locally The first contraction in the U.S. economy in almost four years sent a sobering message to local contractors and federal agencies Wednesday as the threat of sequestration bears down on the Washington area. Gross domestic product fell 0.1 percent in the fourth quarter of 2012 -- a surprising downturn after a 3.1 percent increase the quarter...

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