"Second recession will be worse": former Fed member warns of a double dip

Former Federal Reserve System Board of Governors member Robert Heller warned Tuesday of the impact of a double-dip recession on the U.S. economy, with a deeper downturn in a second instance. "It is likely that the United States has now entered a recession, and there is a good chance that this will be the first downturn of a double dip, thus repeating the experience of…