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Fed Policy, Revenues, Help Relieve U.S. Budget Pressure: CBO

The Federal Reserve has helped put the federal budget on a more sustainable path by holding interest rates very low and making big payments to the U.S. Treasury, according to a new report from the Congressional Budget Office.
The CBO said Wednesday the federal budget deficit over the next decade will be smaller than previously forecast as the government continues to benefit from low borrowing costs. The Fed has held short-term interest rates near zero since late 2008 and is buying bonds to lower long-term rates.


Source: http://blogs.wsj.com/economics/2014/08/27/fed-policy-revenues-help-relieve-u-s-budget-pressure-cbo/?mod=WSJBlog
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