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Daily Archives: September 4, 2018

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U.S. Fiscal Issues: Larger Deficits Are Driving Up Debt

Blog, Economy/Stock MarketBy Editorial TeamSeptember 4, 2018

According to the most recent Congressional Budget Office (CBO) projection, the federal budget deficit for fiscal year 2018 (which ends on September 30) will reach $793 billion, or 3.9% of gross domestic product (GDP). This figure is $230 billion larger than the CBO previously estimated in June 2017, largely because legislation enacted since then reduced…

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