$642 Billion
— The Congressional Budget Office's latest estimate for the fiscal year 2013 federal deficit, down from $845 billion three months ago and $1.087 trillion last year, amid higher than expected tax revenues and dividend payments from federally-owned mortgage-finance companies Freddie Mac and Fannie Mae.
House Budget Committee member Marsha Blackburn (R-TN) holds a copy of U.S. President Barack Obama's FY2014 budget proposal on Capitol Hill in Washington April 10, 2013.
