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Economists: Federal deficit a bigger risk than terrorism
WASHINGTON (Reuters) — The budget deficit has overtaken terrorism as the greatest short-term risk to the U.S. economy, and concern about the current gap is rising, a survey of U.S. businesses shows.
In a survey of 172 members of the National Association for Business Economics, 27% said the deficit or government spending is the largest short-term threat to the economy, up from 23% who thought so in August.
Terrorism dropped to second on the list, with 24% saying it is the biggest threat, down from 40%. Those most concerned about the deficit in the current account — the largest measure of U.S. trade with other nations — tripled, to 15% from 5% in August.