1.   Before the deficit declined as a percentage of national income, the debate at the annual conventions was much different.

2.   Federal deficits declined for four years in a row, the first time that occurred in more than a century.

3.   He expects the deficit to decline anyway as economic growth picks up in the second half and next year.

4.   How can he attack opponent Bill Clinton when the U.S. economy is rebounding and the federal budget deficit is declining?

5.   If the United States falls into a severe recession, the trade deficit would decline, but foreign investments would probably decline more rapidly.

6.   The annual budget deficit has declined in each of the three years since President Bill Clinton took office.

7.   The budget deficit declined in the first eight months of last year.

8.   The federal budget deficit has declined in each of the last three years.

9.   The political situation is stable, the budget deficit is declining and inflation and interest rates are both falling.

10.   The pace of economic growth is about all the Federal Reserve will permit without raising interest rates, and the deficit has declined for four years.