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CBO: US Deficit To Rise to $544B in 2016
Defense News: WASHINGTON — The federal budget deficit is projected to grow this year for the first time since 2009, an increase attributed mostly to tax cuts and discretionary spending increases, according to a government report.
The nonpartisan Congressional Budget Office (CBO), in a report released Tuesday, projects the deficit will add $105 billion to reach $544 billion for 2016. Over the next 10 years, deficits would add up to $9.4 trillion, a jump from the $1.5 trillion CBO estimated in August.
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