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CBO Forecasts $368 Billion Deficit

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CBO Forecasts $368 Billion Deficit

Economy

CBO Forecasts $368 Billion Deficit

CBO Forecasts $368 Billion Deficit

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  • <iframe src="https://www.npr.org/player/embed/4465938/4465939" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Congressional Budget Office forecasts a deficit of $368 billion for the current fiscal year, a $20 billion jump from its prediction last fall. The numbers do not include the additional $80 billion for military operations in Iraq and Afghanistan that the Bush administration has said it will seek from Congress.

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