51.   My knowledge economy is running a deficit.

52.   Moreover, both Congress and the administration remain bound by budget rules that presumed the government would always run deficits.

53.   Officials reported progress toward several parts of the pact, including the level of fines to be imposed on countries that ran excessive deficits.

54.   Other countries saw their currencies fall in the same period -- Spain and Britain -- and still run trade deficits.

55.   Public data showed it was running unsustainable deficits and was too dependent on hot money from abroad.

56.   Since states are prohibited from running deficits, they must either raise taxes or cut spending.

57.   Since then, he has had to admit that, after several years of surplus, the government will run fiscal deficits for the remainder of his term.

58.   Some economists on the left and the right have no problem with running large deficits.

59.   That information showed that all were running cash deficits.

60.   That means the federal budget surplus will shrink faster, and that will put pressure on states to reduce spending because most of them cannot run deficits.