Congressional forecasters expect the federal deficit will hit the second largest in decades, even without factoring in President Biden s proposed $1.9 trillion coronavirus relief plan.
Congressional forecasters expect the federal deficit will hit the second largest in decades, even without factoring in President Biden's proposed $1.9 trillion coronavirus relief plan.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/cbo-projects-2-26-trillion/"></div>WASHINGTON (Reuters) – The Congressional Budget Office on Thursday estimated the U.S. federal budget deficit would shrink to $2.258 trillion in fiscal 2021 from $3.132 trillion last year, but the projections exclude President Joe Biden’s proposed $1.9 trillion stimulus plan. The CBO, releasing its 10-year budget outlook, said deficits based on current spending and tax […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/cbo-projects-2-2
The Congressional Budget Office on Thursday estimated the U.S. federal budget deficit would shrink to $2.258 trillion in fiscal 2021 from $3.132 trillion last year, but the projections exclude President Joe Biden's proposed $1.9 trillion stimulus plan.