Posts Tagged By ANDREW TAYLOR

Projected lower deficit could slow any budget deal

In this Tuesday, Feb. 5, 2013 file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington. A Congressional Budget Office study released Tuesday May 14, 2013 cites higher tax revenues and better-than-expected payments from government-controlled mortgage giants Fannie Mae and Freddie Mac as the key reasons for this year's improved outlook.  (AP Photo/Jacquelyn Martin, File)

WASHINGTON (AP) — The good news is the budget deficit for the current year is projected to come in well below what was estimated just a few months ago. The bad news for deficit hawks is that the development could further curb the already slowing momentum for a budget pact this year.

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CBO estimates 2013 deficit at $642 billion

WASHINGTON (AP) — The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, a development that could further curb the already slowing momentum for a budget pact this year.

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CBO estimates 2013 deficit at $642 billion

WASHINGTON (AP) — The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, according to a government study released Tuesday.

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