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White House says U.S. makes progress in cutting its deficit
October 15, 2015 / 7:43 PM / 2 years ago

White House says U.S. makes progress in cutting its deficit

WASHINGTON, Oct 15 (Reuters) - The White House said on Thursday that the U.S. deficit fell to $439 billion in fiscal 2015, down $44 billion from the previous year and $144 billion less than it had forecast.

Expressed as a percentage of gross domestic product, the deficit fell to 2.5 percent of GDP, the lowest level since 2007, the White House said in a statement. (Reporting by Roberta Rampton and Julia Edwards; Editing by Sandra Maler)

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