CSPAN3 CBO July 4, 2024
The impact of undocumented migration on the u. S. Budget and economy. This is about 40 minutes. Thank you for joining us here. I will talk first about the federal budget and then discuss the economy. And the projections we released today the deficit grows from 1. 6 trillion in 2024 to 2. 6 trillion in 2034. Measured in relation to the economic output, deficits are about 50 larger than their historical average over the past 50 years. Net interest costs are a major contributor to the deficit. Their growth is equal to about three orders of the increase in the deficit from 2024 to 2034. Initially,...