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Blackstone's Schwarzman Says Deficit 'Unsustainable'

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Published on Mar 23, 2012

April 25 (Bloomberg) -- Stephen Schwarzman, chairman of private-equity firm Blackstone Group LP, talks about the U.S. budget deficit and outlook for the debt ceiling. Schwarzman, speaking with Cristina Alesci on Bloomberg Television's "InBusiness," also discusses U.S. tax policy and Blackstone's plans to donate $3.63 million to start a project with universities in North Carolina to spur job growth around Research Triangle Park. (Source: Bloomberg)

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