Photo: #All across the country, Americans are adjusting to the reality of higher gas prices.
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All across the country, Americans are adjusting to the reality of higher gas prices. (Getty Images)

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Economy, shaken by fuel prices, continues to reel


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Last week's $10 spike in oil prices, and a worse than expected May unemployment report, served as a reality check for those who thought the economy might be picking up. With oil prices continuing to go up and businesses tightening their belts, is the U.S. economy headed into a deeper recession than expected?

Guests

  • Jared Bernstein: Senior economist at the Economic Policy Institute, and author of "Crunch: Why Do I Feel So Squeezed."
  • David Pursell: Managing director at Tudor Pickering and Company, an investment and merchant banking firm.

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