The budget results of the 2014 fiscal year showed "significant and continued progress" in reducing the country's deficit to pre-Great Recession levels.
The Congressional Budget Office, providing nonpartisan analysis for Congress, predicted U.S. GDP will increase by 1.5 percent by the end of 2014, and Speaker of the House John Boehner, R-Ohio, used the news to criticize Democrats and the Obama administration.
A study released earlier this week found that the wealthiest 1 percent in the nation continue to get wealthier as the gap in income inequality substantially increased during the course of three decades.
