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Federal Budget's Long-Term Outlook Is Grim

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Federal Budget's Long-Term Outlook Is Grim

Economy

Federal Budget's Long-Term Outlook Is Grim

Federal Budget's Long-Term Outlook Is Grim

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  • <iframe src="https://www.npr.org/player/embed/13903574/13903517" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The quarterly budget outlook from the nonpartisan Congressional Budget Office says the 2007 annual deficit will be lower than was projected three months ago: $158 billion, or 1.2 percent of GDP. The long-term outlook is grim, however.