News In Brief

Lower deficit would ease interest rates - Feldstein

President Reagan's top economic forecaster said the value of the dollar is likely to decline a bit this year - perhaps 4 or 5 percent - if Mr. Reagan acts to trim the budget.

If Reagan can reduce the federal budget deficit, now projected to be at least Council of Economic Advisers Chairman Martin Feldstein told U.S. News & World Report in an interview published Monday.

But Dr. Feldstein also repeated his warnings that failure to cut the deficit could lead to a new recession sometime after 1984.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK