The U.S. budget deficit will jump to $1.915 trillion for fiscal year 2024, topping last year’s $1.695-trillion gap as the largest outside the COVID-19 era, the Congressional Budget Office said on Tuesday. The office blamed increased spending for a 27-percent increase over its previous forecast.
The U.S. budget deficit will jump to $1.915 trillion for fiscal year 2024, topping last year’s $1.695-trillion gap as the largest outside the COVID-19 era, the Congressional Budget Office said on Tuesday. The office blamed increased spending for a 27-percent increase over its previous forecast.
CBO Revises 2024 Budget Deficit Forecast to $1.9 Trillion
The U.S. budget deficit is expected to be $1.9 trillion for fiscal year 2024, higher than the $1.5 trillion forecast in February, according to the updated outlook of the Congressional Budget Office (CB...
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