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In this Monday, Feb. 25, 2013 file photo, Jack Yonally rings out a customer at Lodge's store in Albany, N.Y. The Commerce Department issued its first estimate of how fast the U.S. economy grew in the January-March quarter on Friday, April 26, 2013. (AP Photo/David Duprey)

U.S. economy accelerates at 2.5 percent rate in Q1

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WASHINGTON (AP) -- U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year.

By MARTIN CRUTSINGER

AP Economics Writer

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