Politics & Government

June 27, 2010 6:38 PM

Deficit worries trump fears of new recession at G20 summit

Despite concerns about slipping back into recession, world leaders signaled Sunday they have a new fear — that the deficit spending that stimulated growth could produce a crippling debt crisis. They pledged to cut deficits by half within three years. Obama administration's projections show the U.S. will meet the goal.

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