FreedomWorks Statement in Response to $984 Billion CBO Budget Deficit Estimate   

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WASHINGTON, D.C. -- In response to the Congressional Budget Office’s (CBO) recently released final estimated budget deficit for FY 2019, which shows the deficit reaching $984 billion, Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:

“Democrats and Republicans must be held responsible for the outrageous deficit reported today by the CBO. Fiscal sanity has all but escaped Washington, as evidenced by this year’s cap-busting budget deal. This unsustainable situation is only going to get worse.

“In spite of record revenues, the deficit has grown to a nearly insurmountable figure under Congress’ watch — or more accurately, its lack thereof. If the federal government is to one day get its fiscal house in order, Congress needs to take a hard look at cutting spending, which means considering real reforms to mandatory spending programs, the primary drivers of the deficit.”


          

Budget office estimates the U.S. deficit is just under $1 trillion   

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The U.S. government ran a budget deficit of just under $1 trillion in the just-closed fiscal year.

That's according to the latest, almost official estimate by the Congressional Budget Office.

Last year's deficit ran $779 billion, but this year's came in at $984 billion, more than $200 billion higher...


          

Budget Deficit Grew to Just Under $1 Trillion   

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$984 billion

“The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year,” the AP reports. “The $984 billion deficit tally for 2019 came in more than $200 billion more than last year’s, despite very low unemployment and continuing economic growth.”


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