WRAPUP 2-Regional surveys show US economy picking up


* "Cash for clunkers" gets Chicago region humming again * Fed's Dudley warns that recovery is fragile * Business economists urge return to fiscal restraint (Adds Dallas Fed factory survey, Conference Board job ads) By Ros Krasny CHICAGO, Aug 31 (Reuters) - A cluster of regional reports on Monday showed business activity picking up steam in August, suggesting the U.S. economy is breaking free of its deep recession. One report showed a nearly year-long plunge in economic activity in ...

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