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U.S. 2004 Budget Gap Seen Widening to $480 Billion

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U.S. 2004 Budget Gap Seen Widening to $480 Billion

U.S.

U.S. 2004 Budget Gap Seen Widening to $480 Billion

U.S. 2004 Budget Gap Seen Widening to $480 Billion

  • Download
  • <iframe src="https://www.npr.org/player/embed/1413182/1413183" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Congressional Budget Office forecasts that the federal deficit will reach $480 billion next year — nearly double the shortfall forecast released in March. The CBO also predicts the U.S. government will rack up at least $1.4 trillion in debt over the next decade. Hear NPR's Andrea Seabrook.