Word: deficit
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...were strong in the first, second, and third quarters, but our offense was weak in the fourth.”Connolly made 15 saves to lead the stellar defensive effort, but with only one more second-half score from rookie Luka Babic, the Crimson found the deficit insurmountable.Although the loss was tough, both Tune and Connolly continued to lead by example with excellent performances on Senior Day. Tune and Connolly finished their careers at Blodgett as undeniable leaders of a team that has gone through many trials and tribulations this season.“It’s been really...
...more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 billion being spent to prop up Freddie Mac and Fannie Mae; rescuing AIG may cost more than $120 billion. With the already lofty U.S. budget deficit now expected to top $1 trillion next year and recession a virtual certainty, you'd expect America's currency to be taking a beating...
...loaned America trillions will stop buying U.S. government debt any time soon. They have relatively few tools at their disposal to keep their economies on track other than tending to the dollar exchange rate. China recognizes it has little choice but to go on financing the ballooning U.S. budget deficit by expanding its foreign-exchange reserves from $1.8 trillion to $2.3 trillion over the next 18 months...
...effort required to address our current crisis is trivial compared with Britain repelling the Nazis. But the situation is getting more dire. Remember all the talk about how we have been "borrowing from future generations" with the federal deficit, consumer debt and so on? Well, it's been going on for more than a generation, and the future is now. There have been so many false alarms that maybe we can be forgiven for thinking this is another one. But no one is going to forgive those IOUS...
...have money on the table." Both presidential candidates have proposed economic-stimulus packages on top of the $168 billion stimulus Congress passed in early February. At some point, of course, the next President will have to either rein in that spending or raise taxes--or risk a historic budget deficit...