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Mayor Richard Daley warned Tuesday of a city budget deficit in the hundreds of millions of dollars, calling the looming financial crunch the worst he has seen.
The administration continued to blame what it described as a national economic recession for Chicago's money problems.
"There's a huge economic downturn happening across America," Daley said. "This is a very serious economic time for the country."
The size of the city's budget shortfall, however, remained a moving target Tuesday.
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