Bush to Miss Deadline for Budget Deficit Forecast

[maddezmom]

WASHINGTON (Reuters) - The White House will miss a July 15 deadline to release a new budget report expected to show improvement in the deficit ahead of next month's Republican political convention, officials said on Friday.

Administration officials denied the delay was politically motivated to give the White House budget office more time to incorporate better-than-expected tax revenue figures into their forecasts. They said they would release the new budget projections as soon as they are completed.

Release of the report could provide Bush with a political boost at the Republican convention, which opens Aug. 30, by allowing him to cite progress reining in record budget deficits.

Officials said the report is expected to show a smaller deficit this year than the White House initially forecast, despite extra Iraq war spending. They said the report will also show Bush is on track to cut the deficit in half over the next five years.
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http://www.reuters.com/newsArticle.jhtml;jsessionid=HYUIZOAWLIXMCCRBAEKSFEY?type=domesticNews&storyID=5632422

[Sagan]

1. So? The deficit gets smaller.. why is there a deficit at all?

Chimpy pissed away a SURPLUS and now it's a political victory for him when he only passes on half as much debt to our children?

[maddezmom]

2. and he's on CNN live talking about the economy now...

:eyes:

[Merlin]

3. Can't get his work done on time? Thought this was the Bidness Prezident

Thought he was the oh so punctual guy.

[Massacure]

4. I remember a post someone showing vacation time of each president

Bush topped the list.

[struggle4progress]

5. They don't have a very good track record with predictions. eom