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Balancing the Budget With Bombings

Traders Magazine, August 1998

Jeffrey L. Winograd

The tragic bombings of the U.S. embassies in Kenya and Tanzania for a short time threatened Rep. Gerald Solomon's (R-N.Y.) carefully crafted plan to have his legislation scored by the Congressional Budget Office as revenue neutral.

As a result of the bombing tragedies, some $1 billion is expected to be appropriated this month to upgrade security at American diplomatic facilities around the globe.

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