The Congressional Budget Office on Tuesday reduced its estimate of the U.S. budget deficit for the current fiscal year but said sluggish economic growth and stubbornly high unemployment will cause the improvement to be short-lived. The CBO said the deficit will fall to $514 billion in the fiscal 2014 year ended Sept. 30, down from its previous estimate of $560 billion and a fiscal 2013 deficit of $680 billion. The deficit will decline to $478 billion in fiscal 2015, but start to grow thereafter as the economy continues to struggle with an unemployment rate that fails to fall below 6.0 percent until late 2016.
via Business News - Yahoo Finance http://ift.tt/1fL8Xoo
0 commentaires:
Enregistrer un commentaire