August 18, 2006

Bush: US ahead of goal for cutting deficit

CAMP DAVID, Maryland (Reuters) - President Bush said on
Friday this year's budget deficit would be less than expected,
accelerating his goal to cut the budget deficit in half by a

"That means we're on track to cut the deficit in half by
2008, a full year ahead of the original goal," he told
reporters after meeting his economic advisers at Camp David.