U.S. budget deficit to reach $600 billion in 2016: White House

[July 16, 2016]    WASHINGTON (Reuters) - The U.S. budget deficit is projected to rise to $600 billion in 2016, $16 billion less than previously expected, the White House Office of Management and Budget said on Friday.

A general view of the White House in Washington in this September 30, 2013 file photo. REUTERS/Yuri Gripas/Files

In a mid-session review, the administration said the 2016 deficit is now projected to be 3.3 percent of Gross Domestic Product (GDP).

(Reporting by Ayesha Rascoe; Editing by Chizu Nomiyama)

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