3:37pm

Wed August 24, 2011
Economy

CBO Releases Report On Economy, Federal Budget

The federal budget problem has gotten a little bit better. That's according to the non-partisan Congressional Budget Office, which released a new report Wednesday. The CBO estimates that this year's deficit will hit about $1.3 trillion. That's a huge amount of red ink — but it's also slightly less red ink than last year.

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