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White House projects smaller deficit, slower growth

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The White House expects the federal budget to shrink by over $200 billion this fiscal year, the Office of Management and Budget announced Monday. The OMB projects the deficit for Fiscal Year 2013 to check in at $759 billion in its Mid-Session Review released Monday, revised down from the $973 billion the office projected in the president’s 2014 Budget.  Sylvia Mathews Burwell, the director...

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