An Update to the Budget and Economic Outlook: 2014 to 2024

August 27, 2014

The deficit this year will be $506 billion, CBO estimates, about $170 billion lower than the deficit in 2013. After a weak first half of this year, CBO expects economic growth to pick up and the unemployment rate to continue to fall.

Subsequent budget projections appear in Budget and Economic Outlook and Updates.

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