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CBO estimates $1.8 trillion US deficit for fiscal 2024
The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as debt interest costs jumped sharply and outlays rose for Social Security,
Budget deficit for FY2024 hits $1.8 trillion, up from FY2023: CBO
The deficit totaled $1.8 trillion in FY2024, marking the second year in a row that deficits have totaled close to $2 trillion, according to the Congressional Budget Office (CBO) monthly budget review. In FY2023, the deficit was slightly lower at $1.7 trillion.
CBO: Fiscal 2024 budget deficit was $1.8 trillion
The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the final estimate released Tuesday by the Congressional Budget Office. While generally in line with prior forecasts, the slightly revised deficit estimate was $81 billion,
CBO Estimates 2024 Deficit Totaled $1.8 Trillion
The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a
Federal budget deficit grew to $1.8 trillion for fiscal 2024, CBO estimates
The Congressional Budget Office estimated Tuesday that the federal budget deficit for fiscal 2024 rose to $1.8 trillion, the highest in three years. The analysis showed that fiscal 2024’s deficit increased from $1.7 trillion in fiscal 2023. The new numbers come as the federal government faces an increasingly dire fiscal situation.
Federal Deficit Hit $1.8 Trillion for 2024, CBO Says
The data comes as Donald Trump and Kamala Harris are proposing new tax and spending plans that are estimated to add trillions more to the deficit over the next decade.
U.S. deficit hits $1.8 trillion as interest costs rise
The federal budget deficit swelled to $1.8 trillion in the fiscal year that ended in September, an enormous sum that significantly increases the national debt as Washington barrels toward a potential 2025 showdown over spending and taxes.
US budget deficit hits $1.8 trillion for fiscal 2024, per CBO
Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.
U.S. Budget Deficit Rises to $1.8 Trillion in 2024
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
11h
on MSN
Medicare coverage of weight loss drugs would cost $35B: CBO
Expanding Medicare to cover weight loss drugs would cost $35 billion over eight years, according to a new report from the ...
ENDPOINTS NEWS
14h
Covering obesity drugs could cost Medicare $35B by 2034, CBO says
While Medicare doesn't currently cover anti-obesity drugs, a new report from the Congressional Budget Office estimates that ...
Opinion
9d
Opinion
Respected CBO staffer retires after nearly a half-century
One of the Congressional Budget Office’s longest-serving and most influential staffers, retired last week after 48 years on ...
Benefits Pro
14h
Balancing the costs of GLP-1 weight loss drug coverage: New CBO report has some answers
According to the Congressional Budget Office, the average 2034 per-user effect could be $650 in savings and $4,300 in costs ...
1d
CBO evaluates the drug pricing policy menu
A slate of popular policies commonly bandied about to help reduce drug costs would each cut average prices by only a handful of percentage points, according to a recent Congressional Budget Office ...
FiercePharma
1d
Popular proposals would result in no reductions, or modest reductions, in 2031 prices: CBO
The Congressional Budget Office found that only one out of the seven policies it reviewed would create notable reductions in ...
Alaska Native News
13d
CBO: GOP Social Security Plan Would Cut Benefits by Thousands, Not Extend Solvency
Their goal is to destroy our Social Security system,” one advocate for seniors said of Republican politicians. Social ...
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