Current Us Deficit 2024 Forecast. 20, 2023, are for the u.s. Us economic data continue to surprise to the upside, revealing ongoing resilience despite looming uncertainties and persistent shocks.
Cbo now projects that deficit spending for fy24 will reach a staggering $1.9 trillion, an estimate that is $400 billion higher than cbo predicted just four months earlier. Budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the covid era, as interest on the federal debt exceeded $1 trillion for the first time and.
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