CBO projects budget deficit to be $368 billion in '05 (not incl. Iraq war)

[Bush_Eats_Beef]

http://money.cnn.com/2005/01/25/news/economy/congress_budget/index.htm?cnn=yes

Wider budget deficit seen
Source: Congressional Budget Office projects federal budget deficit will be $368 billion in FY2005.
January 25, 2005: 10:06 AM EST

WASHINGTON (CNN) - The U.S. budget deficit is projected by the Congressional Budget Office to reach $368 billion this year, fiscal year 2005, according to a source familiar with the CBO's budget outlook report being released Tuesday morning.

The number is worse than the CBO's previous $348 billion forecast for the 2005 fiscal year that began Oct. 1.

These are baseline budget figures and do not include Iraq war costs, which will make the deficit larger.