Thursday, November 06, 2008

It may take months before recession gets official status

Date: Thu, 06 Nov 2008 17:01:27 -0500
It may take months before recession gets official status

All but the most wildly optimistic believe the U.S. is in recession,
but it may take months before it's official as the nation's recession
watch-dog tries to figure out when it started.

SOURED CONSUMER CONFIDENCE HAUNTS RETAILERS

Record-low consumer confidence haunted retailers' sales in October, as
most turn in another ugly month, signaling a dreary outlook ahead for
the crucial holiday season.

DEMOCRATS STILL HAVE SHOT AT FILIBUSTER-PROOF SENATE

Thanks to a late Democratic victory in Oregon, the party still has a
shot at a filibuster-proof Senate but it may take several weeks to
sort out due to tight races in Alaska, Minnesota and Georgia.

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