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New Signs of Economic Distress Emerge as Trump Imperils Aid Deal



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With the fate of a federal aid package suddenly thrown into doubt by President Trump, economic data on Wednesday showed why the help is so desperately needed.Personal income fell in November for the second straight month, the Commerce Department said Wednesday, and consumer spending declined for the first time since April, as waning government aid and a worsening pandemic continued to take a toll on the U.S. economy.Separate data from the Labor Department showed that applications for unemployment benefits remained high last week and have risen since early November.Taken together, the reports are the latest evidence …

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