CBO: Deficit will hit $3.3 trillion this year, debt will exceed size of economy by 2021
The deficit is projected to hit a record $3.3 trillion this year, and the national debt will exceed the size of the U.S. economy by 2021, according to a Congressional Budget Office report published Wednesday.
The post CBO: Deficit will hit $3.3 trillio…
Federal deficit swells to nearly $3 trillion in first 10 months of fiscal year 2020
The federal deficit so far this fiscal year is at $2.8 trillion, roughly $2 trillion higher than the deficit for the same period last year, according to the Congressional Budget Office.
The post Federal deficit swells to nearly $3 trillion in first 10 …
Budget office projects $16 trillion in lost output because of pandemic
The Congressional Budget Office projected Monday that the country will lose nearly $16 trillion in gross domestic product over the next decade because of the pandemic.
The post Budget office projects $16 trillion in lost output because of pandemic appe…
US deficit expected to reach nearly $4 Trillion
The US Congressional Budget Office (CBO) predicted on Friday that, as a result of the COVID-19 pandemic, America’s deficit will reach $3.7 trillion this year, Politico reports. The CBO also said that unemployment will rise to 16 percent in 2020, before…
Congressional Budget Office: Federal debt to grow to 98 percent of GDP by 2030
The latest Congressional Budget Office (CBO) report projects that the federal debt will grow to 98 percent of GDP by 2030, with the economy expanding at an average annual rate of 1.7 percent from 2021 to 2030.
The post Congressional Budget Office: Federal debt to grow to 98 percent of GDP by 2030 appeared first on Worthy Christian News.
US Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion
The U.S. economy will grow at a ‘solid’ rate of 2.2 percent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
The post US Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion appeared first on Worthy Christian News.
Featured
