Economists and investors are already warning of a slowdown in Europe and Asia and that matters because, in an interconnected world, U.S. companies could retract if their business prospects outside the U.S. look weak.
Europe has been a major source of problems, with several countries adopting harsh austerity measures or requiring massive loans to keep economic disaster at bay. A loan default here or a violent protest there could send shudders across the Atlantic Ocean.
By BRIAN BAKST, AP
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