A poll of the members of the National Association for Business Economics has listed the US deficit as the number one threat facing the America economy. The survey released Monday noted that the 2011 federal deficit has increased to an estimated $1.4 trillion from last year’s total of $1.1 trillion.
“Panelists continue to characterize excessive federal indebtedness as their single greatest concern,” with state and local government debt the second-biggest worry, the survey said. It was conducted between January 25 and February 9.
Source: Reuters
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