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  • 2015 Budget Presentation, YES or NO

    MC logo moneyThe Mason County preliminary 2015 Budget has been distributed. Now comes the hard work, getting the forecasted $33,647,430 in county current expense spending closer to the expected (forecasted) revenues of $26,642,576, allotted to pay for the 2015 current expenses… Read More +

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  • UW Criticizes Med School Study

    asklepianEDITThe University of Washington is criticizing a deeply flawed study released last week that supports the creation of a new medical school in Spokane by rival Washington State University. A press release from the Seattle university on Monday says the study… Read More +

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  • San Diego Over Hawks

    seahawks blueAntonio Gates had three touchdown catches and the San Diego Chargers controlled the tempo to keep Seattle's offense off the field and upset the defending Super Bowl champion Seahawks 30-21 Sunday. Gates' 21-yard catch late in the third quarter was epic, as the star tight end split two defenders and extended for Philip Rivers' pass, reaching out with his left hand to gather it in.

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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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Tweets

wsdot_tacoma
wsdot_tacoma - Cleared: Collision on SR 507 SB near 357th St S at mp 31

3 hours ago

kingcosoPIO
kingcosoPIO - During pursuit the suspect shot one of our KCSO vehicles. Round went in the back window and out the front windshield. pic.twitter.com/jzcvVBRyBb

3 hours ago

kingcosoPIO
kingcosoPIO - Command post will be spooling down as deputies are released from their positions. pic.twitter.com/TZ3ofhYCAc

4 hours ago

kingcosoPIO
kingcosoPIO - Preston suspect is now in custody. He is being assessed by aid.

4 hours ago

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