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An Analysis of the Administration's Deficit Reduction Goal (CRS Report for Congress)

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Release Date Revised Feb. 22, 2006
Report Number RS22073
Report Type Report
Authors Gregg Esenwein and Marc Labonte, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
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Summary:

This report briefly discusses the Bush Administration's proposal to reduce the deficit between FY2004 and FY2009. It discusses the provisions of the FY2006 budget proposal in respect to the Administration's deficit reduction goal. CRS has constructed a modified baseline budget which, arguably, provides a "best guess" of the path of future deficits if current policy is extended. Under this alternative, the deficit is projected to rise to $425 billion in FY2009.