More bad news for the beleaguered housing market
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There’s more bad news out this morning for the embattled housing sector. Housing starts, the metric used to measure the number of new homes being constructed in the U.S., fell for a fourth consecutive month. KPMG Chief Economist Diane Swonk helps us break down what the data means for the wider economy. And, Treasury Janet Yellen said that her department would take “extraordinary measures” to keep the U.S. government paying its debts as Congress mulls increasing the debt ceiling. And, a story about how a $30 million philanthropic donation to start an Illinois addiction treatment center played out when staffers had to actually run the place.
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