Economy likely shrank at fastest clip since ’82 (AP)

A new home construction sits quiet in Dellville, Pa., Thursday, Jan. 29, 2009. Sales of new homes plunged to the slowest pace on record last month as the hobbled homebuilding industry posted its worst annual sales results in more than two decades. (AP Photo/Carolyn Kaster)AP – The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending.

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