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U S Spending in 1963 Not Expected to Kindle Any Room in Business
Washington expects government outlays to rise in 1963 but not spark a business boom. Total outlays across federal, state, and local governments may hit about 126.4 billion, up 8.8 billion from 1962, while the debt grows toward 305 billion. Treasury officials foresee continued cautious financing amid a predicted 7.8 billion deficit and potential tax-cut effects in the spring.
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