From the CBO
If the current laws that govern federal taxes and spending do not
change, the budget deficit will shrink this year to $642 billion, CBO
estimates, the smallest shortfall since 2008. Relative to the size of
the economy, the deficit this year—at 4.0 percent of gross domestic
product (GDP)—will be less than half as large as the shortfall in 2009,
which was 10.1 percent of GDP.
From the CBPP
Health care cost growth has slowed substantially, as the latest
projections from the Congressional Budget Office (CBO) make clear Since
late 2010, CBO has reduced its projection of cumulative Medicare and
Medicaid spending over the 2011-2020 period by $900 billion (or nearly
10 percent over that period).