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Debt limit debate warns of looming deficits and national risk
Senate Finance Committee plans an exhaustive study of the United States finances amid warnings against further debt increases. The speaker predicts a $7 to $10 billion deficit for the current year and a $11 to $14 billion shortfall over two years, urging restraint to avert insolvency and protect the nation's financial structure. Khrushchev referenced as a threat to survival of free nations.
MENTIONED IN THIS ARTICLE
United States
Senate Committee On Finance
Khrushchev