Summary
WASHINGTON - The federal budget deficit for March showed a dramatic decline Monday because of a much lower estimate by the Obama administration of how much the financial bailout program will ultimately cost.
The Treasury Department said the March deficit totaled $65.4 billion, compared with a $191.6 billion deficit a year ago. But $115 billion of the improvement was due to the lower estimate of the cost of the Troubled Asset Relief Program.See the full content of this document
Extract
March Deficit Shrinks to $65.4 Billion
The lower bailout estimate already had been included in the administration's budget, which it sent t...
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