14
Jan
2006

US budget deficit to surge above $400bn

Spending on Gulf Coast reconstruction has led the Bush administration to revise upwards sharply its estimates for the federal budget deficit in 2006, by 17 per cent to $400bn, sparking calls for further spending restraint and adding to concerns about extending tax cuts.

http://news.ft.com/cms/s/598aeac6-83bf-11da-9017-0000779e2340.html


From Information Clearing House
Starmail - 14. Jan, 11:52
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