http://www.nytimes.com/2003/08/27/politics/27BUDG.html?ex=1062561600&en=70097fd939bcacbf&ei=5062&partner=GOOGLEWASHINGTON, Aug. 26 — Even if the economy rebounds strongly over the next few years, the federal budget deficit could climb for the rest of the decade if Congress adopts proposals strongly supported by President Bush, the Congressional Budget Office said today.
Offering a sharp contrast to recent projections by the White House, which had said the budget deficit would hit $475 billion next year and decline significantly after that, the Congressional report warns that annual deficits could rise rather than fall.
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That would be in sharp contrast to Mr. Bush's outlook. Last month, the White House Office of Management and Budget projected that the deficit would peak at $475 billion next year and decline to just $62 billion in 2008.
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