WASHINGTON (AP) - The federal deficit soared to $374.2 billion in 2003, the White House said, a record total that more than doubled last year's red ink and looked like a prelude to even gloomier numbers.
White House budget director Joshua Bolten conceded that worse fiscal numbers were on the horizon, estimating the gap for the new year "will likely exceed $500 billion even with the strengthening economy.''
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