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US retail sales, industrial output post modest gains

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Washington

The US economy continues to regain ground as the coronavirus crisis drags on, with retailers and manufacturing posting gains, but new data show progress is slowing and continued recovery is in doubt amid a political stalemate over a new aid package.
Economists warn that the massive aid deal approved by Congress in late March, including expanded federal unemployment benefits, has supported the economy in recent weeks but that could change if the expiring programs are not replaced.—Agencies

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