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January 27, 2015

CBO: Deficit shrinking, economy expanding

  • The Congressional Budget Office also says 19 million people will have health insurance because of the health care law.
    • By STEPHEN OHLEMACHER
    Associated Press

    WASHINGTON — Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.

    The Congressional Budget Office also projects a 14 percent drop in the number of U.S. residents without health insurance, largely because of Obama's health law.


     
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