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September 2016 CBO Monthly Budget Review: 2016 Deficit At 3.2% of GDP, Up From 2.5% In 2015

Saturday, October 8, 2016 4:34
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(Before It's News)

from the Congressional Budget Office

The federal budget deficit was $622 billion for the first 11 months of fiscal year 2016, CBO estimates – $92 billion more than the shortfall recorded during the same period last year. Revenues and outlays alike were higher than they were last year, but outlays rose much more.

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