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Sep 2 Laura Tyson, economist and Chair of the US President's Council of Economic Advisers during the Clinton Administration, argues that "our national debate" has become skewed and that the U.S. needs a second stimulus. She writes that "...the risk is uncomfortably high that trying to reduce the deficit -- by cutting spending or increasing taxes -- will tip the economy back into recession or condemn it to years of faltering growth and debilitating unemployment. In fact, either outcome would depress tax revenue and could mean larger deficits."
Sep 2 Pakistan's government counts the dead from recent flooding at 1,710.
Copyright © 2010 by Frank E. Smitha. All rights reserved.