Reuters: Jack Welch says U.S. faces "deep downturn"

[chris]

Jack Welch says U.S. faces "deep downturn"
      

NEW YORK (Reuters) - Former General Electric Co  Chairman and Chief Executive Officer Jack Welch said the U.S. economy faces a deep downturn in coming quarters, and he supports a proposed $700 billion government rescue package for the financial sector.
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