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Congressional Budget Office: Obama budget wouldn't put debt on downward path

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President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go into effect, federal debt held by the public would rise from $12.8 trillion at the end of fiscal 2014 to...

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