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  • 2014 MAF Main Stage Music

    maf music(SHELTON)- 2014 Mason Area Fair main stage musical lineup. Dubbed “Mason County Musical Showcase” this year’s featured acts are all musicians from the south sound area, and all are talented, creative artists eager to show their particular brand of music.

    Entertainment… Read More +

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  • Sunken Freighter Raised From Tacoma Waterway

    sunkenshipA derelict freighter that sank in Tacoma's Hylebos Waterway 18 months ago has been refloated. The167-foot Helena Star sank in January 2013 and was slowly spilling 640 gallons of oil and diesel. Crews tried to raise it December, but the single… Read More +

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  • Mets Over Mariners 3-2

    mariners logo5Bartolo Colon came within seven outs of a perfect game, giving up a single to Robinson Cano with two outs in the seventh inning, and the New York Mets held off a late rally to beat the Seattle Mariners 3-2 on Wednesday. The 41-year-old Colon retired the first 20 batters he faced before Cano lined a 2-2 pitch into left field. Colon applauded the single that dropped in front of left field Eric Young Jr.

    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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