Improving U.S. budget picture may temper zeal for further cuts

By David Lawder WASHINGTON (Reuters) - New U.S. budget deficit estimates due on Tuesday will likely show a rapidly improving fiscal picture over the next few years, contributing to a waning appetite in Washington for further budget cutting. The Congressional Budget Office is expected to revise downward its deficit forecasts over the next 10 years. Many analysts believe that major deficit reduction is highly unlikely before President Barack Obama leaves office in 2017, and lower deficit forecasts could reinforce that view. ...



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