CBO: Fiscal 2015 Budget deficit decline to 2.4% of GDP

Note: Fiscal 2015 ended on September 30, 2015. From CBO: Monthly Budget Review for September 2015 The federal government ran a budget deficit of $435 billion fiscal year 2015, the Congressional Budget Office estimates-$48 billion less than the shortfall recorded in fiscal year 2014, and the smallest deficit recorded since 2007. Relative to the size of the economy, that deficit-at an estimated 2.4 percent of gross domestic product (GDP)-was slightly below the average experienced over the past 50 years , and 2015 was the sixth consecutive year in which the deficit declined as a percentage of......(read more)

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