Wall Street dogged by economic, political woes

Posted by 7Star Monday, January 25, 2010

Wall Street is struggling with renewed fears about the economic outlook and at the same time feeling a chill from a tougher stand from the White House on banks and financial market regulation. The market was hammered over the past week by worries about the US outlook and trouble in China, where an overheating economy may prompt a credit squeeze that hurts the rest of the global economy.

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