Budget report sees shrinking deficits, but only for now

An unforeseen flood of revenue is shrinking federal deficits to the lowest level of President Barack Obama's tenure, Congress' nonpartisan budget adviser said Tuesday. But in a report that will fuel both parties in their autumn clash over spending, the analysts also warned that perilously high shortfalls will roar back unless lawmakers act. Two weeks before ...

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Budget report sees shrinking deficits, but only for now

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