Deficit Falls to Lowest of Obama Years
The nonpartisan Congressional Budget Office announced Wednesday that the projected deficit for the 2014 fiscal year is $486 billion, which is the lowest annual deficit during President Obama’s time in office. It is also $195 billion less than the deficit from fiscal 2013. It also continues the trend of the deficit declining as a percentage of GDP every year since 2009’s record $1.4 trillion.
Read it at The Hill
http://thehill.com/policy/finance/220124-cbo-lowers-deficit-projection