The Congressional Budget Office (CBO) is once again sounding the alarm on the rising federal deficit, highlighting a growing financial strain for the U.S. government.
Escalating interest costs are set to outpace defense spending for the first time. This trend is expected to keep budget deficits at or above 5.5% of GDP through 2034.
In CBO's latest June projections revealed Tuesday:
- The federal deficit is expected to rise to $1.9 trillion (6.7% of GDP) for fiscal-year 2024
- This marks a solid increase from its February estimate of $1.5 trillion (5.4% of GDP).
- The updated deficit projection of $1.9 trillion for 2024 is also a significant jump...
ログインすると全部閲覧できます。
ログイン