Norilsk Nickel expects palladium to be in a deficit next year, Berlin said, speaking at a conference sponsored by ETF Securities.
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So to satisfy the accounting rule, all the adjustment in the private-sector deficit had to be accommodated by a rise in the budget deficit.
And because it gets rid of the waste and inefficiencies in our health care system, this will be the largest deficit reduction plan in over a decade.
Does that say to the White House that Social Security as part of a debt-deficit plan may be a nonstarter in the Senate?
But what we should not do is take action that does harm to our economy, does harm to our middle class, does harm to our seniors and only does well by the well-off and well-connected in order to address a deficit challenge that can be addressed appropriately in a balanced way that grows the economy, helps the middle class, and protects our seniors.
And we remain optimistic that common ground can be found, that enough common ground can be found in these negotiations for a significant deficit-reduction package.
For starters, the U.S. would be avoiding a default in the near term, but the size of the deficit would remain a worry.
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And while this improving deficit picture is not what those who believe in a balanced budget would be looking for, it is a shrinking deficit just the same.
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Yet, if France gets in with a deficit of 3.3%, it will be well-nigh impossible to keep out Italy, which will have a deficit in the same range or perhaps even less.
According to a recent Bloomberg poll, almost three in five Americans believe that the budget deficit should be curbed through a combination of spending reductions and revenues, as the White House has proposed, rather than an exclusive focus on severe cuts, as Republicans demand.
But our overall position about the need to remove from the process those things that seem to us to be wholly unrelated to a deficit reduction and spending cut and funding bill should be removed in order to allow this process to move forward.
The Center strongly believes that such a shift can and should be designed so as to encourage continued progress toward a managed reduction in the federal deficit and not simply to relieve the pressure to balance the budget.
The European Commission, for example, last week said that the UK's deficit in 2011 would be a stonkingly high 9.4% in 2011, followed by 7.8% in 2012 and 5.8% in 2013, whereas for Spain the progression would be a less troubling 6.6%, 5.9% and 5.3%, and for Italy it would be a seemingly benign 4%, 2.3% and 1.2%.
So if a drop in the dollar is to make much of a dent in the trade deficit, it will have to be really big.
Other critics of the Japanese meltdown theory suggest the country will only be in danger when it starts running a current-account deficit.
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"The management posts that they have decided to shed are hardly going to be a drop in the ocean in meeting the budget deficit, " he said.
In a way those transfers can be seen as the corollary, in part, of the UK's ballooning deficit.
Or maybe he really is just a deficit hawk who happens to be moderate in every other category but fiscal policy.
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Yet making a substantial dent in the deficit will be difficult.
Still, as the lesser of evils, my own preferred way of balancing the budget would be through reductions in federal spending, but the additional tax revenues resulting from increased domestic energy production would shrink the deficit in a way that would be far less damaging than raising existing tax rates.
However, this would be the peak and he expects a lower current account deficit in the new fiscal year that begins April.
And as you know, regardless of what happens in this, there will be more significant deficit reduction as a result of this compromise.
And he also believes that we can and should move forward to see if we can find common ground on this -- the general proposition that we can move together and take action to reduce our deficit in what the President believes should be a balanced way.
This trigger will not be pulled, and therefore, we will achieve significant deficit reduction in a more balanced way.
Although the parties seem to be in opposite corners on ways to reduce the deficit, there is a middle path.
That is to embed in law the common sense principle that any new proposals or new tax cuts need to be offset so that they don't cause a deterioration in the budget deficit.
There is no question that we need to cut the deficit, but the President believes it should be done in a balanced way that protects investments that the middle class relies on.
Bush warned that because the war on terrorism and homeland security would cause a budget deficit, Congress would have to "act in a fiscally responsible way" to ensure the deficit would be small and temporary.
In Mr Portman Mr Romney might see a practical asset in a White House where economic recovery and deficit-cutting will be at the top of the agenda.
We certainly hope that we are able to continue to fund the government without drama, and focus on the challenge of trying to see if common ground can be occupied by both Republicans and Democrats when it comes to reducing our deficit in a balanced way.
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