Deficit set to decrease this year | TransportationCrossing

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Deficit set to decrease this year By EmploymentCrossing | Dated: 04-23-2013

The article is about how the deficits are falling for now. The article states that this year the deficit is expected to be half that — around 5.3% of GDP, the Congressional Budget Office estimates. It also says that There are several reasons for the downward trend. The economy is on the mend. Incoming federal revenue has risen from 60-year lows and will soon top its historical average for much of the next decade.

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