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By Andrew Marshall
SINGAPORE (Reuters) - Concerns about the debt burden facing countries trying to spend their way out of the economic downturn spooked investors on Thursday as New Zealand unveiled a budget that forecast a decade of government deficits.
U.S. President Barack Obama said America's economy was past the worst of the crisis.
"It's safe to say we have stepped back from the brink," he told a fundraiser in Beverly Hills. "There is some calm that didn't exist before.