An Update to the Budget and Economic Outlook: 2016 to 2026

"In fiscal year 2016, the federal budget deficit will increase in relation to economic output for the first time since 2009, the Congressional Budget Office estimates. If current laws generally remained unchanged—an assumption underlying CBO’s baseline projections— deficits would continue to mount over the next 10 years, and debt held by the public would rise from its already high level..."
Federal budget