WASHINGTON - The economy's expansion is being hampered by anxieties among businesses and consumers over President Clinton's budget and health-care programs, the Federal Reserve Board said yesterday.

The assessment is contained in the so-called beige book report, which is based on a survey of businesses in the 12 Fed district bank regions and serves as a basis for members of the Federal Open Market Committee to set monetary policy. The panel is scheduled to meet July 6 and 7.

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