(Reuters) - A deficit for fiscal 2007 in that range would mark a decline from the $248 billion gap recorded last year. The fresh estimate will be unveiled at 1 p.m. EDT in the administration's "midsession review" of the budget.
When President George W. Bush sent Congress his annual budget in February, he forecast that this year's deficit would decrease only slightly to $244 billion.
Read more at Reuters.com Bonds News
When President George W. Bush sent Congress his annual budget in February, he forecast that this year's deficit would decrease only slightly to $244 billion.
Read more at Reuters.com Bonds News
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