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Goldman: Government Spending Is About to Boost the U.S. Economy for the First Time Since 2010

Thanks, Congress

U.S. President Barack Obama praised the budget plan that raises the debt ceiling and maps out the government's outlays through 2017 as "a good piece of business."

Economists at Goldman Sachs concur that this agreement will indeed be good for the American economy in the short-term, notwithstanding the added benefit of removing uncertainty and the potential loss of faith in the creditworthiness of the U.S.