Economic Crisis, Tax Increase | featured news

(Image from article: "Congress unlikely to extend hand to ailing states")

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Congress unlikely to extend hand to ailing states

Cut spending, raise taxes and fees, and accept billions of dollars from Congress. That's been the formula for states trying to survive the worst economy since the 1930s.

Geithner refuses to rule out tax increases

The U.S. economy is no longer on the edge of collapse, but Americans must reduce the budget deficit, Treasury Secretary Timothy Geithner said Sunday.

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