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Hill Budget Office Sees 10-Year Deficits
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Jan 26, 2004 09:42pm |
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| Category | News |
| Media | News Service - Associated Press |
| News Date | Monday, January 26, 2004 06:00:00 AM UTC0:0 |
| Description | Hill Budget Office Sees 10-Year Deficits
The government's budget outlook deteriorated further on Monday as the Congressional Budget Office projected nearly $2.4 trillion in deficits over the next decade, providing new fuel for an election-year battle over soaring federal shortfalls.
Along with the forecast, almost $1 trillion worse than estimated in August, Congress' nonpartisan fiscal watchdog said this year's deficit would hit $477 billion. That would be a record in dollar terms. |
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