UPDATE 1-Bush sees U.S. deficit falling to $205 billion

(Reuters) - WASHINGTON, July 11 - President George W. Bush
will estimate that the U.S. budget deficit for fiscal year 2007
will come in at $205 billion, a drop from last year, U.S.
administration officials said on Wednesday.




The deficit was $248 billion last year. The fresh estimate
in the White House "midsession review" revises the 2007
forecast downward from the February estimate that put it at
$244 billion.


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