Word: trillion
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...then drifts upward, but even 20 years down the road it is only 93--a 7% cut in the size of government. Meanwhile, the deficit has gone from 0 to 2.8--which is the equivalent of about $56 billion--and the accumulated new national debt is about $1 trillion in real money. All in all, not disastrous. But it's a big cost for a small tax cut and an even smaller cut in spending...
...British office of national statistics' in-house magazine, on the agency's official valuation of the U.K. and its assets at €7 trillion...
...youth need a reason to “rock the vote” in 2004, they should look to President Bush and Congress’ deficit-laden federal budget. In the nearly three years since the Bush administration passed its first budget, the national debt has increased by $1 trillion, and estimates for next year’s deficit alone loom at a sobering $500 billion...
...shenanigans have damaged your wallet, the answer is, probably not much. A Stanford University study found that overnight arbitraging in funds cost investors more than $4 billion a year. That's hardly a drop in the bucket, but it was widely diluted in a fund industry with $7 trillion in assets under management...
...Angeles prosecutor's office will decide this week whether to take the money - or start a spectacular trial of France Inc. on hostile turf. - By Peter Gumbel We Take Foreign Currency U.S. federal prosecutors charged 47 traders with fraud following an 18-month probe into the $1.2 trillion-a-day foreign exchange market. Authorities uncovered schemes allegedly bilking small investors and Wall Street banks out of millions of dollars...