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Watchdog Slams IRS For Targeting Conservatives

Wednesday, 15 May 2013 | 6:12 AM ET

The Treasury is criticizing senior IRS leaders for poor management of a policy that compromised the tax agency's political impartiality. And the Congressional Budget Office projects a deficit of $642 billion for fiscal year 2013, that's down $200 billion, reports CNBC's John Harwood.