CBO projects worsening federal deficits, debt

The federal deficit and national debt are expected to grow by trillions of dollars over the next decade, according to 10-year projections from the nonpartisan Congressional Budget Office (CBO). The CBO projected that the U.S. budget deficit will reach $1.9 trillion in fiscal year 2026 — around 5.8 percent of GDP — and roughly the… This article provides comprehensive coverage and analysis of current events.