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Budget deficits grow amid tax cuts and war costs
The CBO reevaluates deficits under Clinton-era policies, noting that recession, 9/11 impacts, and war costs push red ink higher through 2002 with a slow path to balance. Expiring tax cuts and rising spending threaten a multi trillion surplus forecast for 2008 to 2011.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Bush
Repeblitane
Congress
Tale Wasines
House
Jim Nussle
CBO
Dan Crippen
OMB