Politics

Air strikes in Libya raise concern in U.S. on cost; Kerry says ousting Gaddafi is not the goal

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The upheaval in the Middle East has added to the risks to the U.S. economy by causing global oil prices to surge.

Concerns over a budget deficit that is projected to hit $1.65 trillion this year have dominated the U.S. political debate in recent months, with Republicans and Democrats sparring over deep cuts in domestic programs the conservative party is seeking.

The budget fight has raised the possibility of a government shutdown and has forced the Congress to pass a series of temporary spending bills to fund operations for this year.

Full Story: Air strikes in Libya raise concern in U.S. on cost | Reuters