@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

Economy Sound – Despite Housing Risk

Posted by iBlog on August 23, 2007

The nation’s budget deficit will shrink to $158 billion this fiscal year, the Congressional Budget Office said Thursday, much lower than a March estimate of $177 billion, due mainly to strong economic growth.In its latest review of the budget, the nonpartisan agency forecast the deficit for fiscal 2008, which begins Oct. 1, at $155 billion, up from its March estimate of $113 billion.

Read the full article in CnnMoney.com

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