Senate Democrat budget plan has $400-600 billion deficits
By David Lawder WASHINGTON (Reuters) – Annual deficits under a new plan from Senate Democrats would be in the $400-600 billion range for much of the next decade, a level they say would allow stronger near-term job growth than Republicans' balanced-budget vision. Full details of the plan released by Senate Budget Committee Chairwoman Patty Murray on Wednesday showed that deficits would average 2.4 percent of U.S. economic output through 2023, a rate many economists view as sustainable. …