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FRIDAY, OCTOBER 25, 2002

The Bush administration confirmed a $159 billion deficit, the first since 1997.

The figure is in line with prior estimates by the White House Office of Management and Budget and the Congressional Budget Office.

The deficit is in contrast to surplus during the Clinton years. Last year's surplus was $127 billion.

Get the Story:
Budget Deficit of $159 Billion Reported (The Washington Post 10/25)
Budget Deficit Is Said to Be $159 Billion (The New York Times 10/25)
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Relevant Links:
White House Office of Management and Budget - http://www.whitehouse.gov/omb
Congressional Budget Office - http://www.cbo.gov

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