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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (175169)9/17/2003 4:24:24 PM
From: Road Walker  Read Replies (2) of 1578897
 
14:13 ET Economic Review - Treasury Budget Statement : The August Treasury budget deficit summed to $76.5B - $22B larger than a year ago - as the fiscal year-to-date deficit of $402B is more than twice the size of the same period last year. August receipts fell 8% and outlays rose 6%. The extraordinary flow of outlays is $131B larger than a year ago, while receipts are $70B lower than a year ago. With one month left in FY03, the deficit looks like it may edge below $400B given the inflow of September corporate taxes. The longer-term outlook continues to worsen, however, as President Bush sends an $87B request for Iraq rebuilding to the Hill today. The FY04 deficit could approach a record-shattering $600B as fiscal discipline is void. Treasuries paring a little bit of today's substantial advance, with the ten-year note presently up 20/32nd's in price for the day, yielding 4.20%.
From Briefing.com
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