Budget Deficit View Slashed

Investor's Business Daily
May 2013
Investors Business Daily;5/15/2013, pA01
6 The Congressional Budget Office sees the federal deficit at $642 bil for the year ending Sept. 30, vs. an earlier view of $845 bil as well as the prior year's $1.1 tril gap. The agency cited higher tax revenue and dividends paid by bailed-out mortgage giants Fannie Mae and Freddie Mac. It sees deficits falling again in '14 and '15, then widening on entitlement costs.


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