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Tag Archives: budget-deficit

Senate OKs Fiscal 2018 Budget Resolution

The Senate voted 51-49 Thursday to approve its fiscal 2018 budget resolution that would authorize a tax reform plan, The Hill reported Thursday. The budget measure proposes to increase defense spending levels at current rates to reach $684 billion by 2027 and reduce nondefense spending in succeeding years that would result …

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CBO: Federal Budget Shortfall Rose to $668B in FY 2017

A new Congressional Budget Office report says the federal budget deficit in fiscal year 2017 ended Sept. 30 reached $668 billion, approximately $82 billion higher than the shortfall recorded in the previous fiscal year. CBO said Friday the FY 2017 budget shortfall was equivalent to 3.5 percent of the U.S. gross domestic …

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CBO: Federal Deficit Hits $522B in First 6 Months of FY 2017

A new Congressional Budget Office report says the federal budget deficit for the first half of fiscal 2017 reached $522 billion, approximately $63 billion higher than the agency’s shortfall estimates for the same period in FY 2016. CBO said in the report published Friday the total amount of receipts associated with corporate and individual …

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CBO: Federal Budget Deficit Rose to $587B in FY 2016

A new Congressional Budget Office report says the federal budget deficit in fiscal year 2016 ended Sept. 30 reached $587 billion, about $148 billion higher than the shortfall recorded in the previous fiscal year. CBO said Monday the FY 2016 budget deficit was equivalent to 3.2 percent of the U.S. gross domestic product …

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CBO: Federal Budget Deficit Hits $588B for FY 2016

The Congressional Budget Office has estimated the federal government’s budget deficit at $588 billion for the 2016 fiscal year Sept. 30 in an increase of $149 billion over the figure calculated in FY 2015. CBO said Friday that the increase in 2016 deficit was the first since 2009 as total receipts and total outlays …

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