Washington -- As members of Congress and the Bush administration eye possible tax cuts to boost the economy, the Treasury Department is expected to announce a record federal budget deficit for fiscal year 1991, which ended Sept. 30.

Private economists estimate that the Treasury's monthly budget statement -- expected to come out today or tomorrow -- will show last year's budget gap swelled to between $270 billion and $275 billion. There is no doubt the final total will surpass by far the fiscal 1990 deficit of $220.4 billion, the current champion among annual deficits.

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