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Himes warns of debt default

Congressman calls for deficit reduction.

Banking industry remains cautiously optimistic about 2013

New York Bankers Association President Michael Smith talks about the trouble with Washington lawmakers who can’t find common ground over economic issues, and why the changes that have been made give many in the industry reason to be cautiously optimistic.

Conn. trails in national recovery, says Fed economist

The national and regional economies will likely be mired in a slow-growth pattern for the first half of 2013 as businesses await a resolution on government spending and the U.S. debt, Federal Reserve economist Rae Rosen said Jan. 11 in Stamford.