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Wednesday, June 19, 2024

CBO ratchets up 2023 estimate for U.S. budget deficit to $1.5T

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The Congressional Budget Office Releases Its 2010 Budget

Chip Somodevilla

The federal budget deficit is set to surge to $1.54T this year, the Congressional Budget Office estimated in a report dated Friday. That’s up from the $1.41T estimate that the nonpartisan agency laid out in February.

The CBO also reaffirmed

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