Congressional Budget Office Says Obama Plan Would Cut DeficitCongressional Budget Office Says Obama Plan Would Cut DeficitA nonpartisan governmental agency says that the budget plan proposed by the White House would reduce the deficit.Kristine BellinoKristine Bellino
$544 Billion Deficit$544 Billion DeficitWASHINGTON (AP) A new government report estimates that this year's budget deficit will rise to $544 billion, an increase over prior estimates that can be attributed largely to tax cuts and spending increases passed by Congress last month.Associated PressAssociated Press