The Budget and Economic Outlook: 2017 to 2027
The Congressional Budget Office’s (CBO) has projected the budget deficit for 2017 to be similar to 2016. CBO’s baseline estimate of the 2017 deficit is $559 billion, or 2.9 percent of gross domestic product—less than the $587 billion deficit posted in 2016. Both totals, however, are affected by shifts in the timing of some payments. [...]