May 15, 2013
That’s roughly 40% higher than the CBO’s original forecast in February, $35.5 billion.
The Huffington Post’s Shahien Nasiripour helps put the new estimate in perspective:
“Exxon Mobil Corp., the nation’s most profitable company, reported $44.9 billion in net income last year. Apple Inc. recorded a $41.7 billion profit in its 2012 fiscal year, which ended in September, while Chevron Corp. reported $26.2 billion in earnings last year. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo reported a combined $51.9 billion in profit last year.”
This article was posted: Wednesday, May 15, 2013 at 11:06 am