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Federal Budget Deficit to Top $455 Billion This Year

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Federal Budget Deficit to Top $455 Billion This Year

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Federal Budget Deficit to Top $455 Billion This Year

Federal Budget Deficit to Top $455 Billion This Year

  • Download
  • <iframe src="https://www.npr.org/player/embed/1337935/1337936" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The White House announces that this year's federal budget deficit, previously projected at about $300 billion, is now expected to reach $455 billion. Spokesmen for the Bush administration predict the deficit numbers will be reduced by about half in 2005 and 2006. NPR's Pam Fessler reports.