April 18, 2014

U.S. Deficit Narrows to $642 Billion in Budget Agency Estimate

May 15, 2013
Bloomberg BusinessWeek

Excerpt

The short-term improvement in the deficit may only make it harder for lawmakers to tackle those long-term challenges, said Bob Bixby, head of the Concord Coalition, which promotes balanced budgets.

“It could throw cold water on efforts to get some sort of grand bargain going, though I’m not sure any cold water was needed to put out that fire,” said Bixby. “It’s not like it was a raging inferno.”