Frigid Winter Takes Toll on U.S. Economy

The harsh winter weather is taking a toll on the U.S. economy, with companies such as Panera Bread and United Airlines reporting a hit to their bottom line.

They have endured more than twice the average snowfall to date, as well as frigid temperatures that have not been seen in some locations in three decades. The result? Bad business and a suffering economy, according to earnings reports and other economic indicators. The net effect of the cold and snow has been a widespread case of cabin fever, which means people are eating out less, shopping less and spending less money.

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