May 7, 2014
OUR REPUBLICAN PRESIDENT:
Deficit now expected to be even lower (Jeanne Sahadi, April 14, 2014, CNNMoney)
The Congressional Budget Office projected Monday that the 2014 shortfall will decline to 2.8% of GDP -- or $492 billion. That's about $23 billion below what the CBO forecast just a few months ago. And it's well below the 4.1% -- or $680 billion -- recorded last year.
Posted by Orrin Judd at May 7, 2014 6:40 PM