U.S. Budget Deficit Shrinks: How Baby Boomers, Interest Rates Will Create Long-Term Problems

Joseph Greco, managing director with brokerage firm Meridian Equity Partners Inc., weighs in on the shrinking U.S. budget deficit. A new report released Tuesday by the nonpartisan Congressional Budget Office estimated that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion.