The Congressional Budget Office has predicted $1.4 trillion in federal budget deficit in 2023 and expects federal debt held by the public to increase from the current 98 percent of gross domestic product
MoreThe Congressional Budget Office projects $1 trillion in federal budget deficit in 2022 and expects federal debt held by the public to fall to 96 percent of gross domestic product by 2023
More by Jane Edwards
Phillip Swagel, director of the Congressional Budget Office, said CBO projects the federal budget deficit to drop from $2.8 trillion in 2021 to $1 trillion in 2022 as the economy bounces back
More by Jane Edwards
The federal budget deficit for the 2020 fiscal year ended on Sept. 30th reached $3.1 trillion, more than three times higher than the prior-year period’s shortfall, according to a new Congressional Budget
MoreTreasury Secretary Steven Mnuchin and Mick Mulvaney, director of the Office of Management and Budget, have issued a joint statement saying the federal budget deficit reached $779B in fiscal 2018, about $113B
More by Jane Edwards
A new Congressional Budget Office report shows that federal budget shortfall hit $159 billion after the first four months of fiscal 2017, approximately $1 billion lower than the figure recorded for the same period in
More by Jane Edwards
A Congressional Budget Office report predicts the federal budget deficit to hit $590 billion in fiscal year 2016, a figure $56 billion higher than the agencyâs shortfall projection in March and $152 billion up
More by Jane Edwards
A Congressional Budget Office report shows the federal government’s budget deficit for the first nine months of fiscal 2016 reached $397 billion, up $81 billion from the shortfall recorded for the same period in fiscal
MoreA new Congressional Budget Office report shows that federal budget deficit amounted to $165 billion after four months of fiscal 2016, about $29 billion lower than the figure for the same period in fiscal
MoreThe Congressional Budget Office reports the federal budget deficit amounted to $200 billion over the first two months of the government’s 2016 fiscal year, a $22 billion increase from the same period in fiscal 2015. CBO
More