Month: July 2018

Government’s Already-Dismal Budget Forecast Just Got 106% Worse

This week, the Office of Management and Budget released a new report called the “Mid-Session Review” of the US federal budget. Last March, they projected a total budget deficit of $526 billion for Fiscal Year 2019. But according to the revised projections they published yesterday, the budget deficit for Fiscal Year 2019 will now be $1.085 TRILLION… 106% worse than projected.

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