US economy shrinks for a 2nd quarter, raising recession fear

  • A customer holds a credit card at the pay-at-the-pump gasoline pump in Rolling Meadow, Ill., on June 30. (AP Photo/Nam Y. Huh)

  • A man shops at a supermarket on Wednesday in New York. The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. (AP Photo/Andres Kudacki)

WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.