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Major stock market indexes fall to 1997 levels

Major U.S. stock market indexes tumbled more than 3% today to their lowest levels in more than a decade as confidence in the financial system and the overall economy continued to deteriorate.

 

Obama taps range of experts for advice on economy

President Barack Obama plans on Friday to name business executives, academics and labor leaders to an advisory panel that will help guide his effort to rescue the economy and rebuild the shattered U.S. financial system.

 

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