Fiscal 1988 deficit grows amid market uncertainty
A federal deficit forecast for 1988 fuels investor doubt about spending control and oil price direction. The Treasury reported a $25.77 billion deficit for last month and $56.51 billion for the first two months, while 1987 ended with $148.01 billion. Some forecasters see 1988 deficits near $150 billion to $175 billion. The weak fiscal outlook helps explain stock volatility and higher long-term yields as inflation risk weighs on bonds and the dollar trends lower.
MENTIONED IN THIS ARTICLE
Congressional Budget Office
Lewis Center contracts lift Ohio economy in 1987
NASA Lewis Research Center activity boosted Ohio's economy by just over 300 million dollars in the 1987 fiscal year from Oct 1 1986 through Sept 30. Lewis contracts totaled 115 million, up 3.7 million from the prior year, with most of the contracting firms based in northeast Ohio.
MENTIONED IN THIS ARTICLE
Cleveland
NASA
Lewis Research Center
Ohio
Lewis
Northeast
Lewis Center
College and Univer
Icahn increases Texaco holdings in stake move
New York AP Carl Icahn raises stake in Texaco Inc to 12.3 percent, prompting questions about his intentions. Also, Trans World Airlines with ACF Industries to buy remainder of 24 million share block from Robert Holmes Court for 37 a share amounting to 447.5 million. Ohio Lewis Center details salaries, research grants, and university funding totaling millions across others. Creston livestock sale reports volumes and prices across cattle hogs sheep and goats.
MENTIONED IN THIS ARTICLE
New York
Carl Icahn
Texaco Inc
Texaco
Trans World Airlines Inc
ACF Industries Inc
Robert Holmes
Court
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Taha
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duPont
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Ryder
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Ee Singer
SouthCo
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StorTch
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Unocal
Upjohn S
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Pierre R. Smith
Acme Cleve Am Allied Corporation
Alltel
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Central Bancorp
CPC Inter. Inc
Emerson
Icahn
Texaco Holdings
Sity
Case Western Reserve University
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Ohio State
University of Toledo
University of Akron
University of Cincinnati
University of Dayton
John Carroll University
Miami
Qhis
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Charles F. Lawson
Travelmart Inc
Northern Savings and Loan Co
Avon Lake
Lawson
Travelmart
Lorain
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Greenville
Adelbert K. Charles Jr
Northern Savings Board
Creston Livestock
Creston
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Middle Avenue
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FDIC
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