Snow Pledges to Cut Us Twin Deficits

Summary


US TREASURY Secretary John Snow has placed the credibility of the Bush administration's economic policymaking on the line with a vow to cut the twin deficits over the second term.

The comments from one of the few senior Cabinet members to retain his post after Bush's November reelection came as the International Monetary Fund warned that a further steep slide in dollar could trim global growth next year.

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Snow Pledges to Cut Us Twin Deficits

Concern about Washington's bulging trade and budg...

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