1. In the U S the Dow Jones opened sharply lower and dealers marking down stop, stocks on the back of widening def, the widening deficit figure. 2. And one thing that could weaken the dollar is a widening deficit between what Canada imports and what it ships out. 3. Both George Bush, a Republican, and Bill Clinton, a Democrat, proposed tax increases explicitly aimed at reversing the widening deficits. 4. A widening deficit puts downward pressure on the currency. 5. A widening deficit in the current account is often seen as a warning sign that an economy may face difficulties in meeting payments. 6. Abandoning the goal would increase the pressure on the Federal Reserve to raise interest rates to contain the inflationary effect of widening deficits. 7. But donations have tumbled, and a widening deficit has forced the group to halt advertising and other promotional activities. 8. But donations have tumbled in the current recession, and a widening deficit has forced the group to halt advertising and other promotional activities. 9. But if the trend continues, and most economists think that it will until early next year, the widening deficits will grow increasingly difficult to explain. 10. Ideally, Congress should quickly pass a balanced fiscal stimulus bill aiding those who need help most without widening deficits in the years ahead. |