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No Hope Of Balancing Budget For 3 Years, CEO Says
The Congressional Budget Office says balancing the federal budget in the next three years is not realistic. Deficits are projected around 155 billion dollars annually through 1985, even with further spending cuts and tax increases. The report notes lower inflation and real GNP projections dim revenue, while unemployment and interest rates trend as the economy recovers slowly.
MENTIONED IN THIS ARTICLE
Robert MacKay Washington
UPI
Congressional Budget Office
Congress
Budget Office
CBO
California
Reagan
Larry Speakes
Speakes
CRO