CBO Jacks Up US 2024 Budget Gap Forecast by 27% to Nearly $2 Trillion

The nonpartisan Congressional Budget Office ramped up its estimate for this year’s US budget deficit by 27% to almost $2 trillion, sounding a fresh alarm about an unprecedented trajectory for federal borrowing.

source https://www.livemint.com/news/world/cbo-jacks-up-us-2024-budget-gap-forecast-by-27-to-nearly-2-trillion-11718736144288.html