Biden administration forecasts $1.03 trillion deficit, down by nearly $400 billion | PBS NewsHour

The Biden administration is forecasting that this year's budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic…

https://www.pbs.org/newshour/politics/biden-administration-forecasts-1-03-trillion-deficit-down-by-nearly-400-billion