CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
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As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
The Congressional Budget Office (CBO) projected on Friday that the federal budget deficit would hit $1.9 trillion in fiscal ...
The US Congressional Budget Office (CBO) projected the federal government's budget deficit will fall to $1.87 trillion in ...
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
The fiscal situation is daunting, the debt trajectory is unsustainable,” Congressional Budget Office director Phillip Swagel ...
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US to see rising debt, deficit in next decade: budget officeTrump has vowed to take quick action to hike tariffs on imports -- cast as a potential way to boost revenues -- while his ...
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