The Congressional Budget Office (CBO) released its updated projections for the federal budget and economy from 2024 to 2034.Key Highlights Budget projections:2024 deficit: Projected at $1.9 trillion, or $2.0 trillion (7.0% of GDP) when adjusted for timing shifts.2034 deficit: Expected to reach $2.8 trillion (6.9% of GDP).2024-2034 total deficit: Estimated at $24 trillion, 70% larger than the…
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