NEW YORK (CNNMoney) - The big spending cuts proposed by House Republicans could weigh on economic growth and jobs, but forecasts vary widely.
Economist Mark Zandi of Moody's Analytics said Sunday that if all $61 billion in proposed cuts for the rest of this year were enacted, the economy's growth could be reduced by half a percentage point. Many forecasters expect the economy to grow at around 3.5% this year.FULL STORY
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