CBO: The Deficit Is Going To Be Much Smaller This Year Than We Expected

[Joel thakkar]

If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, the Congressional Budget Office (CBO) estimates, the smallest shortfall since 2008," they wrote.

This is way down from an estimate of $845 billion in February.

full article : http://www.businessinsider.com/cbo-budget-and-economic-outlook-2013-5

CBO Publication : http://www.cbo.gov/publication/44172

[upaloopa]

1. The stock market is booming, house values are rebounding

no inflation, lower deficit. All good if you have a job that pays well.
I am lucky to have been able to ride out this recession. I lost all the equity I had in a home but others have lost much more. I am afraid they will be forgotten with favorable economic news.