The future the deficit the federal budget.
Financial Executive › Vol. 26 Nbr. 7, September 2010
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The future the deficit the federal budget.
When Rep. Bart Gordon (D-Tenn.) introduced his America Competes reauthorization bill in April, he had high hopes for the bill's easy passage in the U.S. House of Representatives. The bill increased spending on research programs at three federal agencies and departments, and was designated a "key vote" by at least three business groups, including the U.S. Chamber of Commerce, which hoped it would eventually add up to new jobs and new products for American companies.
[ILLUSTRATION OMITTED] Gordon thought his bill, H.R. 5116, threaded the political needle: Business support meant Republicans would fall into line, increased federal spending meant Democratic support. But instead of threading that needle, Gordon jabbed himself with it. Republicans and even some Democrats took immediate issue with the $96-billion price tag at a time the federal...See the full content of this document
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