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Decade-Long Growth Streak Ends
1The longest peacetime expansion ground to a halt in the third quarter as the economy shrank at a 0.4% annual rate. It was the first drop since a 0.1% fall in the first quarter of 1993 and the worst in a decade. But consumer spending held up, and the 0.4% fall was better than Wall Street's forecasts for a 1% decline. More on this page
Bush Says Attack Stung Economy
2President Bush said declining GDP showed the Sept. 11 attack "affected our work force and affected our business base." He called on Congress to pass a stimulus package by the end of Nov. and give him more authority to negotiate trade deals. One of Bush's top economic aides said the likelihood of recession has gone up. More on A3
Treasury Kills Off 30-Year Bonds
3Bond prices and long-term yields plunged when the Treasury said it will no longer issue the 30-year bond. The move stunned investors, coming as projected surpluses turn into deficits. In recent years, the U.S. has shifted its borrowing to the short end, where rates are lower. The 30-year bond soared 5 points, and the yield fell to 5.21%, a three-year low. More on this page
Anthrax Death Is Nation's Fourth