<p>OMB Projects $17 Billion Deficit Increase in Midsession Review</p>

OMB Projects $17 Billion Deficit Increase in Midsession Review

U.S. Office of Management and Budget

The deficit for 2018 is projected to be $890 billion, $17 billion more than projected in February, the Office of Management and Budget said in its midsession budget review, noting that receipts and spending for 2018 are respectively projected to be $18 billion lower and $2 billion lower than previously estimated.

<p>The deficit for 2018 is projected to be $890 billion, $17 billion more than projected in February, the Office of Management and Budget said in its midsession budget review, noting that receipts and spending for 2018 are respectively projected to be $18 billion lower and $2 billion lower than previously estimated.</p>