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Estimates Soar for 2004 Budget Deficit

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Estimates Soar for 2004 Budget Deficit

U.S.

Estimates Soar for 2004 Budget Deficit

Estimates Soar for 2004 Budget Deficit

  • Download
  • <iframe src="https://www.npr.org/player/embed/1413383/1413384" 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 Peter Orszag of the Brookings Institution.