Tag Archives: federal outlays

CBO: FY 2016 Federal Budget Deficit to Reach $534B

A new Congressional Budget Office report forecasts the federal budget deficit to hit $534 billion in fiscal year 2016, about $100 billion higher than the agency’s shortfall estimates in the previous fiscal year. CBO said in the March 2016 report that it predicts public debt to reach 86 percent of gross domestic …

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