The federal budget deficit will top $1 trillion for a fourth straight year, congressional budget analysts said Tuesday, but is likely to be the smallest since the Great Recession began taking a toll on the budget in 2009.Read the rest here.
The nonpartisan Congressional Budget Office projected that the gap between government spending and tax collections would continue to fall, dropping sharply in 2013 and through the decade if policymakers follow through with major changes in both tax policy and government spending now on the books.
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