81.   And many countries, rather than reform their public spending, have counted on low interest rates as a way of keeping their budget deficit down, specialists say.

82.   And the budget deficit is totally under control.

83.   And President Clinton is telling Newt Gingrich that the ballooning budget deficit is now a Republican problem.

84.   And it could reduce the pressures that have helped create the budget deficit, giving both parties more room to pursue their agendas.

85.   And the federal budget deficit rose to its highest level ever.

86.   And the federal budget deficit will return.

87.   And the government is under pressure to rein in spending to avoid budget deficits that could scare off the private investment that has fueled growth.

88.   And with global financial markets exerting strong discipline, nations everywhere are adopting stricter policies to reduce budget deficits.

89.   And this is led today by Medicare and Medicaid and the resulting growth in budget deficits. . . .

90.   And without the spending cuts, the tax reductions could raise the federal budget deficit and possibly interest rates.