CBO: US Deficit Hits $457B in First Half of Fiscal Year 2016

A Congressional Budget Office report says the U.S. budget deficit for the first half of the government’s 2016 fiscal year is about $18 billion more than the $439 billion shortfall the agency recorded in the first half of FY 2015. CBO said Thursday the amount of revenues the government has earned from individual and corporate income taxes and other sources grew … Continue reading CBO: US Deficit Hits $457B in First Half of Fiscal Year 2016