An emergency $700 billion financial industry bailout package that a worried, hurried Congress wrote to stave off a global economic disaster may serve to further tighten finances of many federal programs, including missile defense and NASA. Even before action on the gigantic rescue package, which exceeds annual defense spending including war outlays, the fiscal situation confronting the government was grim. The nonpartisan Congressional Budget Office, in its most recent report released this month, presented a picture of record red ink…
Financial Bailout Package Will Tighten Finances Further On Missile Defense Programs, NASA
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