美国经济走出衰退的过程看起来痛苦且缓慢，而联邦支出将有助于抵消州和地方预算持续紧缩的状况。
The climb out of the recession looks to be painfully slow, and the federal spending will help offset persistent tightening in state and local budgets.
消费支出已经动摇在面对压力和家庭预算紧缩信贷。
Consumer spending has faltered in the face of a squeeze on household budgets and tighter credit.
但美好的时光只持续到2008年中期，随之而来的是信贷紧缩以及企业预算支出的缩减。
But the good times ended in mid-2008 amid the credit crunch and the subsequent pullback in business spending.
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