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SBC Staff Analysis Of CBO’s Updated Budget And Economic Outlook

The Budget Outlook According to CBO’s updated budget projections released today, the federal government is on track to spend $3.5 trillion in the fiscal year ending September 30. Tax collections will total $3.0 trillion, resulting in a deficit of $506 billion. This estimate is $14 billion above CBO’s April estim...

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Sessions: 4 In 10 American Adults Not Working

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today after the release of the July jobs report: “Our economy continues to perform at an unacceptable level: 4 in 10 U.S. adults are either unemployed or not in the workforce at all. Unemplo...

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CBO Report: After Doubling In Last Six Years, Debt Will Explode In Coming Decades

The report underscores the destructive economic consequences of growing deficits and rapidly rising federal debt.

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The President’s Mid-Session Review Of The FY 2015 Budget

The President’s policies would result in a gross debt of $25.5 trillion at the end of fiscal year 2024, an increase of $8.8 trillion (53 percent) from the $16.7 trillion where it stood at the end of last year.

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