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IPFS News Link • Federal Reserve

Dollar Slide Drives Budget Deficit as Japan Shuns U.S. Treasuries

4-28-08 • Bloomberg.com

Add another ailment to the U.S. misery index of soaring gasoline and wheat costs and falling home values: a federal deficit that is burgeoning as foreign investors led by the Japanese recoil from the slumping dollar.

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Dollar Slide Drives Budget Deficit as Japan Shuns U.S. Treasuries

FreedomsPhoenix.com