keywords: deficit cbo budget congress federal
text: CBO Projects \$442 Billion Federal Deficit WASHINGTON - The federal deficit will swell to a record \$422 billion this election year but fall short of even more dire forecasts, Congress' top budget analysts projected Tuesday in a report that became instant fodder for both political parties.    The nonpartisan Congressional Budget Office said the shortfall would shrink to \$348 billion next year - still the third worst ever in dollar terms...