There’s troubling news about the U.S. economy in the latest report from the Congressional Budget Office. A CBO report released this week estimated the federal budget deficit will grow even larger this year than first forecast. Even as the president claims his policies are “working” for America, the CBO reports the defecit will grow to $1.9 […]
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CBO Raises 2024 Deficit Projection $400-Billion To $1.9 Trillion
There’s troubling news about the U.S. economy in the latest report from the Congressional Budget Office. A CBO report released this week estimated the federal budget deficit will grow even larger this year than first forecast. Even as the president claims his policies are “working” for America, the CBO reports the defecit will grow to $1.9 TRILLION in 2024, a 400-BILLION dollar increase from earlier estimates. Major contributors include foreign aid, in increased Medicaid spending, and President Biden’s decision to cancel some $150-BILLION in student loan debt.