News Alert: Budget deficit to hit $804B after tax cuts, spending hikes

View in your browser     Budget deficit to hit $804B after tax cuts, spending hikes This year's federal budget deficit will rise to $804 billion and the deficit is projected to nearly hit $1 trillion in 2019, largely because of the GOP tax cuts and the bipartisan $1.3 trillion spending package approved last month, according to updated projections released Monday by the Congressional Budget Office.   The $804 billion this year would amount to 4 percent of GDP, and represents a $139 billion increase over last year's deficit. Read the full story here           Did a friend forward you this email? Sign up for News Alerts     Forward News Alerts     You Might Like       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.