CBO raises 2019 budget-deficit estimate to $960 billion

The Congressional Budget Office on Wednesday of the federal government‘s budget deficit for the 2019 fiscal year to $960 from $896 billion. That‘s about in line with the Trump administration‘s own forecast of . The estimates are up from a shortfall last year of $779 billion. The nonpartisan CBO said increasing deficits are the result of a major budget deal signed by President Trump in August, which raised spending limits.

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