July 23, 2024
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CBO Sounds Alarm on Surging US Budget Deficit: What Lies Ahead?

The Congressional Budget Office (CBO) has dropped a bombshell with its revised 2023 budget deficit projections for the United States. Significantly, the agency now estimates a whopping $1.7 trillion shortfall for the year, representing a 13% jump from its four-month-old forecast. Besides, the agency adds that the deficit will hover between $1.6 trillion and $1.8

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