Share this story
Close X
Switch to Desktop Site

US deficit estimate runs $12 billion low, CBO says

The Congressional Budget Office says the 1983 federal budget put together by Republicans and backed by President Reagan understates the probable federal deficit by some $12.5 billion.

The independent budget arm of Congress estimated the projected deficit in the budget plan now awaiting final, formal approval in the Senate at $116.4 billion, rather than $103.9 billion.

About these ads

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.