|
||||||||||||||||||
 |
From: Bart (129.171.32.13)
Congressional Analysts See Worse Long-Term Deficit WASHINGTON (Reuters) - The federal budget deficit will balloon to $2.29 trillion over the next decade, a worse outlook than previously forecast according to a new report by congressional analysts, a congressional source with knowledge of the numbers said on Tuesday. The forecast from the non-partisan Congressional Budget Office (news - web sites), which is likely to stir the election-year debate about President Bush (news - web sites)'s economic policies, compares to the $2.01 trillion outlook for 2005-2014 it provided in March for the shortfall under current economic policies. The source also said CBO confirmed a preliminary forecast it put out in August showing an expected record deficit of $422 billion for the 2004 fiscal year. That compares to the White House's latest deficit forecast of $445 billion for this year. The White House no longer provides a 10-year deficit forecast.
|
