Congressional GOP Budget Hits Reality Hard
February 11, 2016
The Congressional Budget Office's recent budget update revealed a dramatic deterioration in the federal government's finances. The cumulative deficit over the next ten years, through 2025, is now estimated to add up to $8.5 trillion, versus $7 trillion last August. This is the work of the 114th Congress, in which Republicans hold the majority in both chambers for the first time in the Obama presidency.
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