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U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. The revision to second-quarter GDP growth was in line with economists' expectations. While data so far for the third quarter has been mixed, a strong labor market should continue to support consumer spending and underpin growth in the coming quarters.
GENEVA (AP) — The United States and Russia on Friday renewed efforts to secure a military and humanitarian cooperation agreement for war-torn Syria after months of hesitation, missed deadlines and failed attempts to forge a truce.