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Military budget under fire hits defense stocks

Shift in Congress hits defense stocks

By Stephen J. Glain
Globe Staff / March 18, 2004

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WASHINGTON -- Once bulletproof, the defense budget now looks like a softer target. Lately, even some Republicans have started to question whether federal outlays can cover the dramatic increases in military spending called for by the Bush administration amid growing deficits. Such talk has gotten Wall Street's attention, helping drive down an index of major defense stocks by 4 percent ... (Full Article: 848 Words)

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