The U.S. is on track for a $1.6 trillion federal budget deficit in 2024, escalating to $1.8 trillion by 2025, and returning to $1.6 trillion in 2027. The Congressional Budget Office (CBO) projects a peak at $2.6 trillion by 2034. In 2024, the deficit will constitute 5.6% of GDP, climbing to 6.1% in 2025, then […]
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