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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Tuesday, February 07, 2006

Bush's Budget: Stock Bets?

WASHINGTON, D.C. - The $2.8 trillion budget that President George W. Bush submitted yesterday for fiscal 2007 is a nonbinding first step in the budget process. Spending won’t be determined until Congress gets around to appropriations bills later this year.

Still, certain industries come out better than others in the 352-page document. In this sense, you can think of the Bush Administration’s budget as an indicator, a sign that some sectors enjoy a tailwind blowing out of Washington. The tables below show a few industries that look like budget winners, according to analysts and industry groups, along with notable stocks within them.

Full story at Forbes.com