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Budget deficit falls to 483B lowest since 2008
The 2014 budget year ended with a $483 billion deficit, the smallest in six years and 2.8 percent of GDP. Obama officials cite a return to fiscal normalcy while the CBO warns of rising deficits as baby boomers retire and growth remains slow.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
White House
Shaun Donovan
Congressional Budget Office
Treasury
Jacob Lew
Obama
Lew