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		Home Page Mortgage News You Can Use Greenspan says favors tax cuts, limits on spending Thursday February 12, 11:28 am ET WASHINGTON, Feb 12 (Reuters) - Federal Reserve Chairman Alan Greenspan told Congress on Thursday that controlling spending is a better way to cut the ballooning U.S. budget deficit than raising taxes. "In addressing this budget issue, it is crucially important that we try to find, wherever we can, reductions in outlays before adverting to the question of revenues to fill in the gap," Greenspan told members of the Senate Banking Committee after testifying on the U.S. economy. Cutting spending is more likely to ensure a stable fiscal outlook, while increased taxes may inhibit growth in the economy and cut into the government's tax revenues, he said. Back to Original Article: News You Can Use   Continue with: FTSE dips to 8-week closing low; drugs, banks fade Freddie Mac 30Y Mtge Rate Average 5.66% This Week Vs 5.72% Greenspan says expects US productivity to slow Retail Sales Dip 0.3 Percent in January Greenspan Senate Testimony Mirrors House Assessment U.S. sales down, jobless claims up in latest data U.S. Treasuries, Thursday, Feb 12 Foreign fund inflows to Japan soar in January Greenspan says must provide skills for better jobs Retail Sales Excluding Autos in U.S. Rise 0.9 Percent, Most in 5 Months Mortgage Rates at a Near Standstill U.S. mortgage rates unchanged Wednesday - BestInfo Budget deficits a risk to low interest rates, Greenspan says Bad Credit Home Loan Secrets Officials order new mutual fund reforms Greenspan provides fuel for dollar decline Dollar, gold mixed in Europe U.S. Treasury Bond Prices Higher
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