Breton: Greenspan says U.S. 'lost control' of budget deficit - Sep. 24, 2005

Breton: Greenspan says U.S. 'lost control' of budget deficit - Sep. 24, 2005:

"Federal Reserve Chairman Alan Greenspan told France's Finance Minister Thierry Breton the United States has 'lost control' of its budget deficit, the French minister said Saturday.

''We have lost control,' that was his expression,' Breton told reporters after a bilateral meeting with Greenspan.

'The United States has lost control of their budget at a time when racking up deficits has been authorized without any control (from Congress),' Breton said."