Budget Deficit Projection

From the Washington Post: "The CBO forecast a $337 billion deficit for this fiscal year and lingering deficits through the end of the decade, offering a pessimistic backdrop as Bush prepares to release his 2007 budget request in the coming weeks. The deficit fell to $318 billion last year after three years of sharp increases, and Republicans had hoped the tide of red ink was finally receding. But spending on hurricane relief will push the deficit back up in 2006."

"The Budget and Economic Outlook: Fiscal Years 2007 to 2016" (196 pages) is available from the Congressional Budget Office website. A six-page summary is also available.

Sources: "Congressional estimators project $337 billion budget deficit." Missoulian January 27, 2006. A4.
"Budget Office Expects Deficit to Edge Up." Washington Post January 27, 2006.