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    The deficit would be 2.0% of the gross domestic produ

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    The Congressional Budget Office has lowered the estimated size of the US federal deficit for fiscal year 2006. The decrease in the expected deficit is largely a result of high tax revenues.

    The Congressional Budget Office is a non-partisan arm of the US Congress. The office projects a $260 billion deficit for fiscal year 2006, a decrease of $111 billion from the March projection.

    The deficit would be 2.0% of the gross domestic produc

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    for fiscal year 2006. The decrease in the expected deficit is largely a result of high tax revenues.

    The Congressional Budget Office is a non-partisan arm of the US Congress. The office projects a $260 billion deficit for fiscal year 2006, a decrease of $111 billion from the March projection.

    The deficit would be 2.0% of the gross domestic produ

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    The Congressional Budget Office is a non-partisan arm of the US Congress. The office projects a $260 billion deficit for fiscal year 2006, a decrease of $111 billion from the March projection.

    The deficit would be 2.0% of the gross domestic produ

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    The office projects a $260 billion deficit for fiscal year 2006, a decrease of $111 billion from the March projection.

    The deficit would be 2.0% of the gross domestic produ

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    on from the March projection.

    The deficit would be 2.0% of the gross domestic product -- coming in as the smallest recorded deficit in the past three years.

    Currently, the federal government is running a deficit of around $239 billion, according to the CBO estimates. That estimates puts the government $64 billion behind last year's deficit at 10 months.

    Spening in June was slightly lower than expected. The Treasury recorded a s

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