BUDGET DEFICIT SPIKES TO $702 BILLION… TAX CUTS NEVER? FLASHBACK: STEVE FORBES WARNS REPUBLICANS WILL LOSE HOUSE
The White House Budget Office says the budget deficit is going to be larger than expected this year by $99 billion. The Office of Management and Budget points to worsening tax revenues to explain why its forecast two months ago is off the mark. The budget deficit is now expected to be $702 billion this … Read more