1. Also expected to feed into widening current account deficits is a widening net income deficit -- the amount Australia pays to service its debt. 2. Argentina, with widening budget deficits, is heavily indebted to lenders abroad and struggling to ward off further defaults. 3. A strong dollar would tend eventually to widen the deficit by making U.S. products more expensive to foreigners and imports more affordable here. 4. A weaker currency raises the costs of imports and widens the deficit. 5. All this points to widening current account deficits in the months ahead. 6. But Fed officials have long said they do not want the government to borrow money to pay for tax cuts, which widens the deficit. 7. But it has certainly not killed job growth and widened the deficit, as Republicans predicted. 8. Finance Minister Waigel signaled a willingness to improve benefits for low earners, without widening the deficit. 9. It also widens the deficit, and is intended to lock in tax cuts for the rich. 10. Midyear projections could be lower, widening the deficit. |