White House Underestimated 2012 Deficit by $769.5B--or 138 PercentBy Terence P. JeffreyCNSNews.com
President Barack Obama released a budget today that estimates the federal deficit will drop to $901.4 billion in fiscal 2013, resulting in the first federal deficit of less than $1 trillion since Obama was elected in 2008. It also predicts the federal deficit will decline sharply in fiscal 2014, dropping all the way to $667.8 billion.
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