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Economic News, Data and Analysis

CBO Budget Estimates

The CBO has released the latest deficit numbers…

The Budget and Economic Outlook: An Update
A sharp decline in tax revenues coupled with double-digit growth in spending will produce a deficit of about $157 billion in fiscal year 2002, CBO estimates. If current tax and spending policies are maintained, deficits are likely to persist for a few years before giving way to small surpluses.

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Filed under: Economics, Policy

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