#federal-deficit-projections

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US Elections
fromFortune
1 day ago

CBO highlights the good news in Trump's lost tariff revenue hiking the deficit by $2 trillion: lower inflation and unemployment-and higher GDP | Fortune

Supreme Court struck down most Trump tariffs, eliminating $300 billion annual revenue but providing relief to U.S. consumers and businesses from pricing pressures.
fromFortune
3 weeks ago

America's national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says | Fortune

The White House of 2036 will have a mammoth task on its hands: It will need to rustle up more than $2 trillion a year to pay the interest on its national debt burden, approximately 5% of the nation's entire economy. According to the latest projections from the Congressional Budget Office (CBO), the U.S. government will continue to run a sizeable and growing deficit over the next decade.
US politics
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