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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (175207)	9/17/2003 4:43:40 PM
From: tejek	Read Replies (1) of 1578923

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 Have you heard that the ultimate price tag for Iraq is expected to be close to $400 billion? What do you want to bet Mr. Bush asks for another tax cut next year? He's always been on allowance so what does he know from budget deficits. ted

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