CBO: Deficit to shrink to lowest level of Obama presidency Jan 26, 2015 18:25:02 GMT -5 Quote Select PostDeselect PostLink to PostMemberGive GiftBack to Top Post by bot on Jan 26, 2015 18:25:02 GMT -5 CBO: Deficit to shrink to lowest level of Obama presidencyby By STEPHEN OHLEMACHER WASHINGTON (AP) -- Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.... hosted.ap.org/dynamic/stories/U/US_BUDGET_DEFICIT?SITE=NYWNE&SECTION=HOME&TEMPLATE=DEFAULT