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  • Cannabis Industry Singled Out?

    mj indoorgrowMason County PUD#3's new rate schedules have members of the I-502 Industry concerned. The members feel they have been singled out, and will have the highest PUD electrical rate structure levied on them.  The I-502's are not asking for special treatment, just equal treatment given… Read More +

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  • Audit: Room For Improvement On Welfare Benefits

    olympiaA state audit of the Department of Social and Health Services' food and financial assistance programs to low-income residents found the state could save or recover an estimated $1 million in benefits paid out to people who are ineligible because they either make too much money… Read More +

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  • Sherman, Baldwin Dig At NFL In Press Conference

    lynchbaldwin nflWith the help of a cardboard cutout, the Seattle Seahawks' Richard Sherman and Doug Baldwin took digs at the NFL during a news conference on Tuesday after the league issued a $100,000 fine to teammate Marshawn Lynch for not speaking to the media. Sherman and Baldwin made mention of everything

    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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