April 2015 Critical Values home callout
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    ePolicy News March 2015

    March 12, 2015
    An Overview of the President’s FY 2016 Budget
    On Feb. 2, President Obama submitted the White House’s Fiscal Year (FY) 2016 budget to Congress. The Administration’s proposed $4 trillion budget would produce a $474 billion deficit (roughly 2.5 percent of the gross domestic product). If enacted, its policies would add approximately $5.7 trillion to the national debt over 10 years. When compared with the $8 trillion increase projected under current law, this represents a roughly 30-percent reduction in the growth in national debt by 2026. Finally, the President aimed to fully reverse the sequester by proposing to increase discretionary spending to $74 billion above the current mandatory spending caps. Read more
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