October 15, 2014
A REPUBLICAN PRESIDENT AND HIS REPUBLICAN CONGRESS:
Government reports 2014 budget deficit drops to $483 billion (ANDREW TAYLOR, 10/15/14, Associated Press)
The deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office, the government reported Wednesday.It's the lowest since 2008 and, when measured against the size of the economy, is below the average deficits of the past 40 years. [...]Much of the slower growth in spending is due to lower-than-expected health care costs as well as a 2011 budget pact with Republicans that sharply curbed agencies' operating budgets.
Posted by Orrin Judd at October 15, 2014 3:58 PM
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