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CBO Estimates $1.8 Trillion US Deficit for Fiscal 2024, Largest after COVID

TEHRAN (Tasnim) – The Congressional Budget Office estimated on Tuesday a US 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, Medicare and health insurance tax credits.

2024-10-09 19:36:01     0    12612
CBO Estimates $1.8 Trillion US Deficit for Fiscal 2024, Largest after COVID

TEHRAN (Tasnim) – The Congressional Budget Office estimated on Tuesday a US 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, Medicare and health insurance tax credits.

News ID: 43693670
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