CNSNews
By Terence P. Jeffrey | July 6, 2017 | 12:53 PM EDT
[excerpt]
http://www.cnsnews.com/news/article/terence-p-jeffrey/cbo-and-omb-agree-federal-spending-will-top-4t-first-time-year(CNSNews.com) - Both the Congressional Budget Office and the White House Office of Management and Budget project that federal spending will top $4 trillion for the first time in fiscal 2017, which began on Oct. 1, 2016 and will end on Sept. 30.
In its “Update to the Budget and Economic Outlook: 2017 to 2027” published last week, CBO projected that total federal spending in fiscal 2017 will hit $4,008,000,000,000.
That is up from the approximately $3,853,000,000,000 that CBO and OMB say the federal government spent in fiscal 2016.
