Yahoo! News - CBO Says '04 Deficit Will Rise to $477 Billion: "The federal deficit will reach $477 billion this year, up sharply from last year's $375 billion level, and the government is on track to accumulate nearly $2.4 trillion in additional debt over the next decade, the nonpartisan Congressional Budget Office (news - web sites) said yesterday."

According to Paul O'Neill, Dick Cheney says that deficits don't matter. Lovely.