Bill McBride — CBO Projection: Budget Deficit to be Smaller than Previous Forecast

The Congressional Budget Office (CBO) released their new Updated Budget Projections: 2014 to 2024. The projected budget deficits have been reduced for each of the next ten years, and the projected deficit for 2014 has been revised down from 3.0% to 2.8%.

CBO must be planning on increasing exports and domestic investment with declining domestic net saving desire. (snark)
Calculated Risk
CBO Projection: Budget Deficit to be Smaller than Previous Forecast
Bill McBride