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This Dec. 10, 2013 file photo shows House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, listening as Senate Budget Committee Chair Sen.Patty Murray, D-Wash., announce a tentative agreement between Republican and Democratic negotiators on a government spending plan, on Capitol Hill in Washington.
This Dec. 10, 2013 file photo shows House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, listening as Senate Budget Committee Chair Sen.Patty Murray, D-Wash., announce a tentative agreement between Republican and Democratic negotiators on a government spending plan, on Capitol Hill in Washington.
(J. Scott Applewhite/AP)

U.S. paying an “uncertainty tax”: Vanguard CEO

Asset management giant Vanguard Group Inc. thinks 2014 will bring forth a small pick-up in near-term growth in the U.S and other developed markets – marking Vanguard’s first projection of economic growth since the financial crisis. But improving conditions haven’t fully alleviated the concerns the firm’s leader has about the uncertainty in the U.S.