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New White House projections reveal lowered U.S. deficit

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The report released Thursday states that the U.S. deficit will be cut by $300 billion through the next year and $1.5 trillion over the next decade. White House Budget director Jacob Lew stated that the country needs to invest in jobs growth to prevent an economic slowdown. [Washington Post]

By Editor | 6:30:19 AM EDT | 2 September 2011 | Share