Alex Wong/Getty ImagesThe federal budget deficit this year will increase in relation to the overall economy for the first time since 2009 and will continue on an upward trajectory for the coming decade, according to a new report by the non-partisan Congressional Budget Office. With government spending now outpacing revenues for the remainder of the year through Sept.
Federal Budget Deficit Increases For The First Time Since 2009
feedback@businessinsider.com (Eric Pianin), Business Insider
Wed, 08/24/2016 - 7:03pm
Topics: alex wong/getty imagesthe congressional budget office sept absent treasury ldquo;in cbo&rsquo gross domestic product ldquo;at president obama january republican donald trump democratic hillary clinton alarmed ldquo;now maya macguineas committee responsible federal budget campaign fix debt macguineas ldquo;with united states ldquo;there watch olympic social security medicare cbo gdp alex wong/getty images trump macguineas time federal budget deficit trillion fiscal spending report deficits major year decade ndash years billion economy percent rise projected revenues payments coming held government year’s growth tax taxes economic reforms nominee nation’s mounting added borrowing total challenges grow investors higher publicly level high policies finance crisis address decline interest rates it’s growing infrastructure conservatives upward
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