text: CBO Projects \$442 Billion Federal Deficit WASHINGTON - The Congressional Budget Office is projecting that this election-year's federal deficit will reach \$422 billion, congressional aides said Tuesday, the highest ever, yet a smaller shortfall than analysts predicted earlier this year.    The figure, provided by aides who spoke on condition of anonymity, is sure to provide political fodder for both parties during the remaining two months of the presidential and congressional campaigns...