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Deficit climbs as 2004 budget year starts
Washington reports a deficit of 344.3 billion for the first eight months of the 2004 budget year, up from 290.9 billion same period last year. Spending totals 1.53 trillion, revenues 1.19 trillion, with large costs from Health and Human Services, Social Security, military and interest. Corporate taxes surge while individual taxes dip.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Health and Human Services Department
Congressional Budget Office
White House
Bush