Getty Federal budget deficit will increase $162 billion from last year

The White House said Friday the federal budget deficit is expected to be $600 billion in 2016, an increase of $162 billion from last year.

The announcement, in a mid-session review of the federal budget, noted the new estimate is $16 billion lower than projected in February.


Donald Trump's campaign seized on the report to slam the Obama administration and presumptive Democratic nominee Hillary Clinton.

"President Obama's final federal budget request calls for more of the same failed policies that lead to slow growth-higher taxes, higher spending and less freedom," said Dan Kowalski, Trump's senior advisor for budget policy. He said a Clinton presidency would "surely continue this policy mix, with the same result," while a Trump presidency would provide strong economic growth and lower deficits.

The non-partisan Committee for a Responsible Federal Budget estimates Trump's policies would add $11.5 trillion to the national debt over a decade.

