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Federal budget deficit shrinking faster than expected — perhaps too fast
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By Pat Cunningham
May 15, 2013 11:26 a.m.

Your typical rank-and-file Republican probably knows nothing about THIS:

Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the governmentís annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.

That is the thrust of a new report released Tuesday by the nonpartisan Congressional Budget Office, estimating that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion, or 4 percent of the nationís annual ...

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