Positive Deficit News Should Not Mask Real Fiscal Challenges

Published:   July 13, 2005

WASHINGTON, DC -- Today the Committee for a Responsible Federal Budget warned that the lower-than-anticipated budget deficit for fiscal year 2005 should not be taken as a sign that the country is on a fiscally sustainable course.

The Office of Management and Budget will issue its mid-session review of the budget today. The report will lower OMB's deficit projection significantly as a result of higher-than-anticipated revenue growth.

For the full press release, please see the attached PDF file.

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