U.S. Budget Deficit Shrinks: What Long-Term Problems Will Arise Once Baby Boomers Retire And Interest Rates Rise? - Presented by: The Aol. On Network

Joseph Greco, managing director with brokerage firm Meridian Equity Partners Inc. , weighs in on the shrinking U.S. budget deficit. A new report released Tuesday by the nonpartisan Congressional Budget Office estimated that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion.



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