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The US Deficit Will Shrink For The 6th Straight Year

Sam RoJan 27, 2015, 00:40 IST

According to new estimates from the Congressional Budget Office (CBO), the US budget deficit will shrink to $468 billion in 2015.

This is down from $483 billion a year ago.

"This will mark the sixth consecutive year in which the deficit-at 2.6 percent of gross domestic product (GDP)-has declined relative to the size of the economy since peaking at 9.8 percent in 2009," the CBO noted.

More to come...