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09-01-2011, 08:21 AM
The nation's debt as a share of the economy could be reduced several percentage points by 2021, but only if Congress allows a number of current-law policies to take effect, including a 29.5% Medicare physician pay cut in 2012. The U.S. will run a fiscal year 2011 deficit of nearly $1.3 trillion -- the third-largest shortfall of the last 65 years. Only the 2009 and 2010 deficits were larger, according to an update of the Congressional Budget Office's budget and economic outlook published on Aug. 24. The federal fiscal year ends on Sept. 30.
For More Information:
http://www.ama-assn.org/amednews/2011/08/29/gvse0901.htm
For More Information:
http://www.ama-assn.org/amednews/2011/08/29/gvse0901.htm