FISCAL CRISIS LOOMS FOR WINNER OF THE PRESIDENTIAL ELECTION

(Bloomberg Markets Magazine) After the election, either President Barack Obama or Mitt Romney will have to deal with a deficit that has topped $1 trillion every year for the past three years and is on an unsustainable trajectory. "We've made a lot of progress getting the private-sector balance sheet in order. Where we've got a lot of work to do is on the public side," says Mark Zandi, chief economist at Moody's Analytics.

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