This Mid-Session Review (MSR) updates the Administration's estimates for outlays, receipts, and the deficit for economic, legislative, and other changes that have occurred since the President's 2016 Budget (Budget) was released in February. The 2015 deficit is now projected to be $455 billion, $128 billion lower than the $583 billion deficit projected in February. As a percentage of gross domestic product (GDP), the 2015 deficit is now projected to...