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rdean
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Relative to the size of the economy, the deficit for 2014 would be 2.8 percent of gross domestic project (GDP). As a percentage of GDP, the deficit has declined every year since it peaked at 9.8 percent of GDP in 2009.
The projected shortfall is the smallest recorded since 2008 and $195 billion less than deficit from fiscal 2013.
The CBO estimates the government ran a surplus of $106 billion last month, which is $31 billion more than in September 2013.
The new projections are good news for the Obama administration with less than a month to go before the midterm elections, when Republicans could win the majority in the Senate.
CBO lowers deficit projection by 20B TheHill
So what will Republican try to do to bring down the economy?
The projected shortfall is the smallest recorded since 2008 and $195 billion less than deficit from fiscal 2013.
The CBO estimates the government ran a surplus of $106 billion last month, which is $31 billion more than in September 2013.
The new projections are good news for the Obama administration with less than a month to go before the midterm elections, when Republicans could win the majority in the Senate.
CBO lowers deficit projection by 20B TheHill
So what will Republican try to do to bring down the economy?