Tag Archives: government revenue

CBO: US Budget Shortfall at $397B After 9 Months of FY 2016

A Congressional Budget Office report shows the federal government’s budget deficit for the first nine months of fiscal 2016 reached $397 billion, up $81 billion from the shortfall recorded for the same period in fiscal 2015. CBO said Friday that revenues grew one percent to about $2.5 trillion and expenditures increased by four percent to $2.9 trillion over the past …

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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 …

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CBO: Tax, Spending Packages to Drive Up 2016 Budget Deficit

The Congressional Budget Office forecasts the U.S. budget deficit to reach $544 billion in fiscal 2016, about $105 billion more than fiscal 2015’s shortfall, Bloomberg reported Wednesday. Andrew Mayeda writes CBO said in a budget and economic outlook report Tuesday the projected 2016 deficit increase will be driven by massive spending and tax bills that were passed …

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