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  • Local Man Accused Of Diverting Mason County River

    riverbedThe state attorney general's office has accused a 55-year-old Mason County man of using an excavator to fill and divert the Tahuya River without a permit. William Cayo Sr. was charged in Mason County District Court on Thursday with three misdemeanor… Read More +

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  • Tacoma Mailman Pleads Not Guilty To Harassment

    mailmanA Tacoma mailman has pleaded not guilty to charges he harassed and groped women on his route. The News Tribune reports bail was set at $35,000 during an arraignment Thursday in Pierce County Court for Robert Joseph Taitano. He was arrested… Read More +

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  • Seattle Picks Up 2015 Option On Iwakuma

    Iwakumajune10The Seattle Mariners will have right-hander Hisashi Iwakuma under contract for the 2015 season. The Mariners announced Thursday that Iwakuma's $7 million option was vested based on his on-field performance. Iwakuma missed the first month of the 2014 season but went 15-9 with a 3.52 ERA in 28 starts. In 91 career games with Seattle, Iwakuma is 38-20 with a 3.07 ERA.

    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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