Sarbanes Warns Deficit Will Widen Weighing on U.S. Living Standards
Sen Paul Sarbanes and Commerce official Robert Ortner clashed at a Joint Economic Committee hearing over the impact of persistent U.S. trade deficits. Sarbanes warned deficits will rise and threaten living standards, while Ortner argued real exports are rising and balance may improve in four to five years. Wall Street meanwhile jumped as Dow surged 55 points on optimism about rates and overseas markets. A separate item notes Becker CPA Review Course hosting a session in Baltimore on Nov 17 with a December start.
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Washington
Paul S&s. Sarbanes
D-Md
U.S
Sarbanes
Robert Ortmer
Department of Commerce
Joint
Ortner
Mr. Oriner
Sword of Damocles
Becker Cpa
Days Inn
Hopkins Place
Baltimore
Leading Economic Index Dips After Seven Monthly Gains
Washington AP reports the Index of Leading Indicators fell 0.1 percent in September after seven straight gains. Analysts warn Wall Street turmoil could deepen declines in upcoming months, hinting at slower growth and a possible recession. New home sales also slid 0.2 percent to 656,000 annual units as mortgage rates rose. Dow rose over 55 points and 91.51 points prior day. experts lower 1988 growth forecast from 3.0 to 1.5 percent amid wealth losses.
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New York
Wall Street
NYSE
American Stock Exchange
Washington
Commerce Department
Allen Sinai
Shearson Lehman
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