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Drones over U.S. may pose security risks
NEW YORK, April 7 (UPI) -- Presidential adviser Paul Volcker, a former Federal Reserve chairman, said budget deficits may force the United States to raise taxes.
Volcker said a value-added tax used frequently in Europe -- essentially, a sales tax -- "was not as toxic an idea" as it was in previous years, The Hill newspaper reported Wednesday.
He also said a tax on carbon or energy use might be required to lower the deficit.
Bottom line: "If at the end of the day we need to raise taxes, we should raise taxes," he said in remarks at the New York Historical Society.
A White House official responded by saying, "The president is not proposing to cut the deficit at the expense of middle-class families."
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BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
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ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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