Greenspan Offers Optimism, Warning

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Federal Reserve Chairman Alan Greenspan tells lawmakers the U.S. economic picture has "brightened" over the last six months and "prospects are good" for a sustained expansion of the U.S. economy. But Greenspan also warns of the dangers of record budget deficits, adding that no group has yet created a realistic plan to address the deficit issue. NPR's John Ydstie reports.



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