981 Billion News Today

Its growing by 2.4%. the rate of growth is slowing. in 2020, the projection slips to just 1.7%. that is not all. keep in mind, the president keeps saying 4, 5, 6%. these are the numbers were actually talking about. the cbo has fresh projections now for the u.s. budget deficit, topping $1 trillion by fiscal year 2020. that is up, by the way, from $804 billion in 2018 and $981 billion in 2019. the spiking deficit courtesy of a $1 trillion in tax cuts and roughly $300 billion in new spending increa...

Legislation. now, the cbo projects that the u.s. economy is going to expand by 3.1% this year. this is down, by the way, of a previous forecast of 3.3%. but this years growth is largely attributed to companies being flush with cash thanks to the tax cuts combined with a surge in trading ahead of new tariffs. looking ahead to 2019, the cbo sticks with its previous projection that the economy will slow to a growth rate of 2.4%. in 2020, just 1.7%. and this is not all. the cbo also has fresh projec...