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  • Chalet To Be Relocated

    enchalet1Park officials say the Enchanted Valley Chalet in Olympic National Park is being relocated to protect the east fork of the Quinault River. Enchanted Valley will be closed to camping for the first two weeks of September, while the move takes… Read More +

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  • Body Found In Home Linked To Bloody Carpet

    police-tapeA body found Monday evening at a Puyallup home is believed to be the man police have been looking for since bloody carpeting was found burning Aug. 13 along an Auburn road. Pierce County sheriff's spokesman Ed Troyer says evidence suggests… Read More +

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  • Mariners Lose To Athletics 6-1

    mariners 8The fired-up Oakland Athletics came out swinging, and Chris Young's day was short-lived. Newcomer Adam Dunn hit a two-run homer as Oakland jumped to a five-run lead in the first, and Young failed to make it out of the inning as Seattle lost 6-1 to the Athletics on Monday. "I wasn't sharp. My stuff wasn't good, it was flat," Young said. "They came out super-aggressive, you could see it.

    Read More
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Revised Budget Deficit Forecast Spells Better News for Economy

b_250_0_16777215_00_images_obgrabber_2013-07_c1d8db78cf.jpgComstock Images/Thinkstock(WASHINGTON) -- Due to a stronger economy, less spending and a higher tax rate for the rich, the White House’s Office of Management and Budget predicted on Monday that the annual budget deficit will shrink to $759 billion by Sept.

30, the end of fiscal 2013.

Three months ago, the administration estimated a deficit $200 billion higher than the new projection.  If things continue at the current pace, the Congressional Budget Office has suggested the shortfall could drop to as low as $642 billion.

This certainly is better news for President Obama, considering the government has run a deficit of more than $1 trillion every year since he's taken office.

Of course, the sequester -- those deep automatic spending cuts that kicked in during the spring -- is making life more difficult, according to the White House.

Without the across-the board spending reductions, total economic growth for the year would be 2.6 percent, according to administration analysts.  If the cuts persist, however, growth will be closer to 2.4 percent.

Copyright 2013 ABC News Radio

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