NEW YORK ( TheStreet) -- President Barack Obama's 2011 budget brings with it increasing anxiety over the direction of fiscal policy and the yawning federal deficit.This concern is clearly well-placed and, in fact, the issues regarding fiscal policy are likely more severe than what the top-line budget submission indicates. The bottom line is that the fragile recovery the U.S. is now experiencing will, at some point, be derailed by fiscal actions. It's merely a question of when and to what degree.
Taxes, Higher Rates May Derail Recovery
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