U.S. economy is sluggish after Katrina (Inside Bay Area) WASHINGTON

U.S. economy is sluggish after Katrina (Inside Bay Area)
WASHINGTON Consumer spending plunged in August at the steepest rate since the September 2001 terrorist attacks as Hurricane Katrina slashed Americans' incomes, fanned inflation and caused $170

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Katrina Contributes To Drop in Spending (Washington Post)
Consumer spending plunged in August at the steepest monthly rate since the 2001 terrorist attacks as Hurricane Katrina slashed incomes, fanned inflation and caused $170 billion in losses from property damage, the Commerce Department reported yesterday in its first tally of the storm's economic effects.