Congressional Budget Office estimates US budget deficit to dip slightly to $1.1T

WASHINGTON - A new budget report released Tuesday predicts the U.S. government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still very high by any measure.

Congressional Budget Office says Obama will fall short of deficit pledge

WASHINGTON — President Barack Obama's pledge to cut the deficit in half by the end of his first term will fall short, according to the latest economic outlook released Tuesday by the nonpartisan Congressional Budget Office.

New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink

Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about 2 percent yearly.

Avoiding Congress’s fiscal bombs

A grim surprise was tucked inside the Congressional Budget Office’s latest budget outlook . Economic growth, it said, would be only 2 percent in 2012, falling to 1.1 percent in 2013. That’s horrible. It’s far beneath the growth rate required for the economy and job market to recover. But it’s also probably wrong— provided that Congress wants it to be wrong. Because the CBO isn’t saying the ...

Congressional Budget Office: Deficits mean tough choices ahead

Federal deficits are declining but are expected to continue at near record highs in 2012 as the "sluggish" economy continues to generate lower tax revenues and projected spending cuts lead to a bump in the unemployment rate, the Congressional Budget Office said Tuesday.

Congressional Budget Office Projections Show Little Movement on Unemployment

By Frank Bumb - Unemployment is likely to remain stubbornly above 7 percent over the next two fiscal years, according to a Congressional Budget Office report released Tuesday. And reaching the uninspiring figure of 7.4 percent unemployment in fiscal year 2013 would require massive deficits later in the decade.

Under Status Quo, Deficit Would Decline, Budget Office Says

The federal budget deficit will remain over $1 trillion, the Congressional Budget Office said.

Federal budget deficit to dip to $1.1 trillion, Congressional Budget Office says

If George W. Bush-era tax cuts enacted in 2001 and 2003 are allowed to end, the deficit would be cut in half by 2013, the CBO report notes.

The Congressional Budget Office Is Super Bullish On Corporate Tax Revenue Starting In 2014

CBO says: In 2012 we're going to see a spike of about 40% ($70 billion) to 1.6% of GDP. Then in 2014, we should see a major spike of about 70%.

Congressional Budget Office estimates federal budget deficit to dip slightly to $1.1T

WASHINGTON - A new budget report predicts the government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still alarmingly high.

Congressional Budget Office reports another $1 trillion deficit - David Rogers - http://t.co/M7moJRO4: http://t.co/jE9LM5e5 via @POLITICO

Congressional Budget Office reports another $1 trillion deficit - David Rogers - http://t.co/M7moJRO4: http://t.co/jE9LM5e5 via @POLITICO

1-Congressional Budget Office Economic Outlook | 2-In Depth with Mark Steyn | 3-Q&A with John Doar http://t.co/kPSw4Kgw

1-Congressional Budget Office Economic Outlook | 2-In Depth with Mark Steyn | 3-Q&A with John Doar http://t.co/kPSw4Kgw

Congressional Budget Office Economic Outlook starting in 3 mins... #livematrix #news

Congressional Budget Office Economic Outlook starting in 3 mins... #livematrix #news

Get the growth, then the debt reduction: A grim surprise was tucked inside the Congressional Budget Office's lat... http://t.co/xVESaTVS

Get the growth, then the debt reduction: A grim surprise was tucked inside the Congressional Budget Office's lat... http://t.co/xVESaTVS

almost immediately.” The Congressional Budget Office’s budget director estimates the law actually will destroy 800,000 jobs.

almost immediately.” The Congressional Budget Office’s budget director estimates the law actually will destroy 800,000 jobs.

RT @Herfarm Congressional Budget Office reports another $1 trillion deficit - http://t.co/8l11HWgL

RT @Herfarm Congressional Budget Office reports another $1 trillion deficit - http://t.co/8l11HWgL

Avoiding Congress's fiscal bombs: (Graph: CBO) A grim surprise was tucked inside the Congressional Budget Office... http://t.co/Zc34QuJC

Avoiding Congress's fiscal bombs: (Graph: CBO) A grim surprise was tucked inside the Congressional Budget Office... http://t.co/Zc34QuJC

@theMcLovin @Tigerfists88 @ArrogantDemon @allanbrauer go read the latest cbo report...btw, cbo stands 4 congressional budget office

@theMcLovin @Tigerfists88 @ArrogantDemon @allanbrauer go read the latest cbo report...btw, cbo stands 4 congressional budget office

Thanks to federal tax breaks, corporations paid out just 12.1of their 2011 profits in taxes, according to the Congressional Budget Office.

Thanks to federal tax breaks, corporations paid out just 12.1of their 2011 profits in taxes, according to the Congressional Budget Office.

Morning Bits: Not a complete scoring, but the Congressional Budget Office is going to give us some more accurate... http://t.co/tCFDk7LD

Morning Bits: Not a complete scoring, but the Congressional Budget Office is going to give us some more accurate... http://t.co/tCFDk7LD

Ezra Klein -- Avoiding Congress’s fiscal bombs: A grim surprise was tucked inside the Congressional Budget Office’s... http://t.co/v8dUY4PL

Ezra Klein -- Avoiding Congress’s fiscal bombs: A grim surprise was tucked inside the Congressional Budget Office’s... http://t.co/v8dUY4PL

Avoiding Congress’s fiscal bombs: A grim surprise was tucked inside the Congressional Budget Office’s latest b... http://t.co/fjD5hPDr

Avoiding Congress’s fiscal bombs: A grim surprise was tucked inside the Congressional Budget Office’s latest b... http://t.co/fjD5hPDr

Congressional budget office predictions on deficit bad news for Obama - NECN: http://t.co/zdsVFxUY #office

Congressional budget office predictions on deficit bad news for Obama - NECN: http://t.co/zdsVFxUY #office

RT @Herfarm Congressional Budget Office reports another $1 trillion deficit - http://t.co/8l11HWgL

RT @Herfarm Congressional Budget Office reports another $1 trillion deficit - http://t.co/8l11HWgL

The Congressional Budget Office: Honest Numbers, Power, and Policymaking (American Governance and Public Policy ... http://t.co/eB1ZYQ53

The Congressional Budget Office: Honest Numbers, Power, and Policymaking (American Governance and Public Policy ... http://t.co/eB1ZYQ53