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The Knicks (21-10), who trailed by as much as 19 and never led the game, made things interesting late in the fourth, in part because of a 45-point performance by Carmelo Anthony, who has carried the team on his back to this point.
WSJ: New York Knicks: This May Take Some Time
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Recent official figures revealed the US economy shrank by 0.1% in the fourth quarter of 2012, driven in part by previous defence cuts.
BBC: Obama offers spending-cuts deal to delay budget crunch
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We saw a 40-year record drop in defense spending in the fourth quarter that had to do in part with anticipation of the implementation of the sequester, and that obviously had negative consequences for GDP.
WHITEHOUSE: Press Briefing