Reuters: Economic News: Fed's Bullard warns on U.S. budget deficit

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Fed's Bullard warns on U.S. budget deficit Apr 5th 2012, 13:50 WASHINGTON | Thu Apr 5, 2012 9:50am EDT WASHINGTON (Reuters) - A top Federal Reserve official warned on Thursday that the United States could face the same crisis of confidence from investors as European countries if it does not rein in government overspending. "It is a wake-up call for the United States," St. Louis Federal Reserve President James Bullard said. "It can happen here."

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