INQUIRER.net: US estimates 2013 deficit at $642 billion

INQUIRER.net Philippine News for Filipinos

US estimates 2013 deficit at $642 billion May 15th 2013, 01:55 WASHINGTON — The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, according to a government study released Tuesday.   The Congressional Budget Office cites higher tax revenues and better-than-expected bailout repayments by mortgage giants Fannie Mae and Freddie Mac as the key reasons for the improved outlook. The budget office now predicts a 2013 budget deficit of $642 billion, more than $200 billion below its February estimate. This year's shortfall would register at 4 percent of the economy, far less than the 10.1 percent experienced in 2009 when the government ran a record $1.4 trillion deficit.  ... Keep on reading: US estimates 2013 deficit at $642 billion Media files: US-budget.jpg (image/jpeg)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions