WASHINGTON James Washington Youth Jersey , July 11 (Xinhua) -- The White House on Friday lowered its expectation for the U.S. federal deficit in the 2014 fiscal year as the economy kept recovering.
The federal deficit for 2014 fiscal year was expected to fall to 583 billion U.S. dollars, 66 billion dollars less than the deficit projected in March, said the White House.
"Under the President's leadership, the deficit has been cut by more than half as a share of the economy, representing the most rapid sustained deficit reduction since World War II Joe Haden Youth Jersey , and it continued to fall," said acting White House budget director Brian Deese in a statement.
As a percentage of gross domestic product (GDP), the 2014 deficit is now projected to equal 3.4 percent, down from the 3.7 percent projected in March. The deficit is expected to fall below 3 percent in 2015 and to reach 2.1 percent of GDP by 2014, said the White House.
Yue Ruhua (right) gives medical advice to a patient at Dakouqin Village of Houtuanshan Town in Jilin City Javon Hargrave Youth Jersey , northeast China's Jilin Province, July 31, 2017. 64-year-old Yue Ruhua has been a rural doctor for 37 years. Different from doctors in urban area, rural doctors must make house calls frequently. According to Yue Ruhua's wife Jing Yuhong, he fell down on rugged road and stayed up late to rescue patients countless times. In 2013 Sean Davis Youth Jersey , Yue Ruhua was diagnosed with acute myocardial infarction and sent to intensive care unit. Villagers raised more than 20,000 yuan to help him. Yue Ruhua stated that he would be responsible for villagers' health as long as he is alive. His dedication earned him a name of "Life Guardian". (XinhuaLin Hong)
Military parade held to mark PLA 90th birthday (Part I)
SWAT team members take part in drill
Acrobatic show staged in China's Xinjiang
Martial arts competition held in China's Henan
Int'l Army Games 2017 held in NW China
Triplet giant pandas celebrate 3rd birthday in S China's Guangzhou
Annual maximum peak of Hukou Waterfall seen due to heavy rainfall
Blossoming lotus flowers in China's Anhui
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