U.S. Budget Deficit Tumbles, Congressional Analysts Say By Andrew Taylor Associated Press Writer Published: Jul 7, 2005 WASHINGTON (AP) - Higher-than-expected tax receipts and the steadily growing economy have combined to produce an improved picture for the federal budget deficit, congressional analysts say. The deficit for the current budget year, which runs through Sept. 30, should be "significantly less than $350 billion, perhaps below $325 billion," according to the Congressional Budget Office. The agency produces nonpartisan estimates for Congress and will put out a full update Aug. 15. Thursday's new figures come as the White House is to release its...