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 this year will be larger than projected while health-care costs aren’t growing as quickly as anticipated, according to the federal government.
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.
Raymond James’s Brown Says U.S. Deficit Improved
Kotlikoff Says Fiscal Gap Hurts Social Services
Coy, Sterngold Interview on U.S. Budget Deficit, Feb. 25
Mann on the Dollar; Makin on U.S. Budget: Audio
Harvard’s Feldstein Says U.S. Tax Policy Misguided