981 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's 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 we're 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 increases. and despite numerous promises from this administration, those tax cuts are not saving most am...

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 year's 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 projections for the federal budget deficit, which will top $1 trillion by fiscal year 2020. up from $804 ...