NEW YORK – In the headlines this afternoon, the Congressional Budget Office will project that this year’s U.S. budget deficit will be smaller than expected. The nonpartisan CBO is expected to say that the deficit will reach $422 billion.
While that is a record, it is down from the $477 billion estimated for the year in January. The estimated revision is largely attributed to stronger revenue collections.
Lower Taxes. Higher Revenues. Increasing Jobs. Better Economy.
The U.S. economy is definitely on the rebound.