WASHINGTON -- The Congressional Budget Office's new deficit forecast, due to be released next Thursday, matches the administration's $348 billion prediction for fiscal 1992, but it shows far less improvement in the future as the deficit lingers around $300 billion for at least one more year, CBO sources said.

The gloomier projections are largely due to an updated economic forecast underlying the deficit estimates, which the sources said will reflect a deeper recession and more subdued recovery this year than the agency expected in January.

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