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Politics : PRESIDENT GEORGE W. BUSH
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To: JBTFD who wrote (657854)11/5/2004 11:35:22 AM
From: Karen Lawrence  Read Replies (3) of 769670
 
Even as President Bush was celebrating his election victory on Wednesday, his Treasury Department provided an ominous reminder about the economic challenges ahead.

After four years of rapidly rising budget deficits, the Treasury announced on Wednesday morning that the government will borrow $147 billion in the first three months of 2005 - a new quarterly record, but one that is likely to be eclipsed before that year is out.

nytimes.com
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