Weekly jobless claims surged to the highest level in seven years, durable goods orders took a bigger-than-expected tumble and new-home sales plunged to the slowest pace in 17 years, according to government data released Thursday.
The latest trifecta of bad news about the economy raised new worries about a potential recession and underscored the concerns that are driving Congress and the White House to reach agreement on a historic bailout of the financial system.
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