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CBO Increases Projected Federal Budget Deficit For 2024 by $400 Billion

The Congressional Budget Office on Tuesday released a revised projected federal budget deficit of $1.9 trillion for fiscal year 2024. That is an increase of about $400 billion from its February estimate the agency said. The CBO attributed the rise in the deficit to new spending passed since its last...

The Congressional Budget Office on Tuesday released a revised projected federal budget deficit of $1.9 trillion for fiscal year 2024. That is an increase of about $400 billion from its February estimate the agency said. The CBO attributed the rise in the deficit to new spending passed since its last…

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