Both parties in the U.S. Congress want to reduce patients’ waiting times at Veterans Affairs hospitals. They split over how to fund the billions of dollars in added costs.
The U.S. posted a $130 billion budget deficit in May and the smallest shortfall for the first eight months of a fiscal year since 2008, as a stronger economy and rising employment bolster revenue.
Goldman Sachs Group Inc. economists reduced their forecast for the U.S. budget deficit to $1.25 trillion in the current fiscal year.
The U.S. budget deficit narrowed in March from a year earlier as spending shrank almost 21 percent during the first month of mandatory federal cutbacks known as sequestration.
As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.
The U.S. budget deficit this year will be larger than projected while health-care costs aren’t growing as quickly as anticipated, according to the federal government.
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