By Dave Boyer in The Washington Times
July 15, 2016
The White House predicted Friday that the federal government’s budget deficit for current fiscal year will hit $600 billion, an increase of $162 billion over last year’s and a final sour note on President Obama’s watch.
While the figure was expected, the increase represents a reversal from previous years, in which budget deficits had steadily declined from the massive $1.4 trillion annual deficit early in Mr. Obama’s first term during the recession.
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