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Fri, Jan 10, 2003 - Page 12 News List

Bush move may raise borrowing costs

US ECONOMY The American president's tax-reduction initiative is likely to increase Washington's budget deficit and raise the cost of loans for individuals and companies

BLOOMBERG , WASHINGTON

That would exceed the US$290 billion gap of 1992 in the last year of the administration of George H.W. Bush, which set a record for the post World War II era.

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