CBO: Federal deficit will drop to lowest level since Obama took office
The Congressional Budget Office said Monday that the budget deficit should this year shrink to its lowest level as a percentage of the economy since 2007.
The nonpartisan agency said the deficit for the fiscal year, which ends in September, will be $468 billion, down a tick from last year's $483 billion mark. In addition, the CBO said there were 19 million fewer uninsured Americans this year compared to the year before thanks to changes implemented under ObamaCare.
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