Congressional Budget Office projects deficits near $199 billion
The Congressional Budget Office projected a $199 billion deficit this year and $145 billion in 2004 absent tax cuts or spending increases. The figures show a deteriorating budget outlook amid a partisan battle, with estimates omitting potential costs from tax cuts, war, and other spending tied to the administration’s agenda.
MENTIONED IN THIS ARTICLE
Ashington
Congressional Budget Office
Bush
Nonpartisan
Iraq
CBO
Budget Office
Budget Agency
John Spratt
South Carolina
House
Washington, D.C
Congress
Bargain hunting lifts stocks amid war fears on Wall Street
Investors push shares higher for a second straight day despite Bush warning of likely war in Iraq. The Dow ends up 21.87 at 8110.71 as Nasdaq climbs 1.2 percent and S&P 500 adds 0.7 percent. Markets stay cautious awaiting Iraq developments and earnings.
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Rano
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Copart
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LinearTech
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House Budget Committee
Jim Nussle
Lown
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