Wednesday, May 15, 2013

CBO | Updated Budget Projections: Fiscal Years 2013 to 2023

CBO | Updated Budget Projections: Fiscal Years 2013 to 2023:

 "If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008. Relative to the size of the economy, the deficit this year—at 4.0 percent of gross domestic product (GDP)—will be less than half as large as the shortfall in 2009, which was 10.1 percent of GDP."

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