deficit

US News
8:42 am
Mon March 4, 2013

Economists were opposed to automatic spending cuts

Credit wikipedia commons

Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and Congress.

But they overwhelmingly support efforts to reduce the deficit over the next 10 years.

That's according to a survey released Monday of 196 members of the National Association for Business Economics.

The survey, done from Jan. 21 to Feb. 13, gave some support to both sides in the U.S. government budget debate.

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