USATODAY: The federal government’s 2015 budget deficit will fall slightly this year to $468 billion, the lowest since President Obama took office, according to the annual budget outlook released Monday by the nonpartisan Congressional Budget Office…
“In CBO’s estimation, increases in consumer spending, business investment and residential investment will drive the economic expansion this year and over the next few years,” states the report.
CBO also projects the unemployment rate will fall further — to 5.3% by 2017 — as more people are encouraged to enter or stay in the workforce. The budget agency estimates that the number of U.S. residents without health insurance will drop from 42 million last year to 36 million this year, largely because the Affordable Care Act… (more)
