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US Economy Expanding Rapidly

The U.S. economy, the world's largest, is growing even faster than first thought. The Commerce Department reported Thursday the American economy advanced 4.2 percent in the April-to-June quarter, up from its earlier 4 percent estimate. The agency said the bigger expansion was fueled by more robust business investment in new buildings, machinery and research. The report said the American economy also is advancing because of increased consumer spending, more exports and higher...

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