Though congressional estimators said federal budget deficits will linger at least until 2006 -- or even longer if President Bush's 2001 tax cuts are made permanent, House Republicans maintain there is room for even more additional tax relief.
The updated forecast released by the Congressional Budget Office shows the government running a $157 billion deficit for fiscal 2002, a $145 billion deficit for the fiscal year set to begin Oct. 1, and a total unified budget surplus of $1 trillion for 2003 through 2012.
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