Economic slowdown in us leads a decline in pay at Wall Street
The economic slowdown in the United States is leading a major decline in pay and bonuses at Wall Street and has government officials worried as it could lead to a shortfall in city and State revenues, a media report said today.
The US economy suffered its biggest slowdown in 26 years in the last three months of 2008 as consumer spending recorded the worst slide in the post-war era, a trend that's likely to continue in the coming months.