U.S. House Majority Leader John Boehner (R-OH) highlighted the success of Republican economic policies after the Office of Management & Budget (OMB) lowered its deficit forecast to $248 billion, well below the $423 billion forecast at the beginning of the fiscal year. President Bush's objective of cutting the deficit in half by 2009 has been met three years ahead of schedule. Boehner also released a report chronicling how Capitol Hill Democrats and other Washington D.C.