Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the US economy will contract in the second half of next year, and urged the government to prepare a second stimulus package to spur job creation.
"The likelihood of this slowdown is very, very high," Stiglitz said Stiglitz, a professor at Columbia University, called on Washington to make more funds available to state governments who face a drop in tax revenue.
US slump warning
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