Breaking2News.com
Latest

Deficit To Shrink To Lowest Level Of Obama Presidency, CBO Says

WASHINGTON (AP) — The Congressional Budget Office says the federal budget deficit will shrink this year to its lowest level since President Barack Obama took office. CBO says the deficit will be $468 billion for the budget year that ends in ...

The Congressional Budget Office says the federal budget deficit will shrink this year to its lowest level since President Barack Obama took office.

NEW DELHI, INDIA - 2015/01/25: The President of India, Shri Pranab Mukherjee, during the Banquet in honour of His Excellency Barack Obama, President of the United States of America and his First Lady, Michelle Obama at Rashtrapati Bhavan. (Photo by Bhaskar Mallick/Pacific Press/LightRocket via Getty Images) | Pacific Press via Getty Images

Beyond 2018, CBO projects deficits to start rising again as more baby boomers retire and enroll in Social Security and Medicare.