Many states appear to be in recession as deficits grow The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that's true for the nation as a whole, a survey of all 50 state fiscal directors concludes. McCain Vows War on Poverty, Says Nation in Recession April 23 (Bloomberg) -- Republican John McCain, saying the nation is in a recession and ``families are hurting,'' retraced Lyndon Johnson's steps in eastern Kentucky and pledged to mount a war on poverty different from that waged by the former Democratic president.
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