US BUDGET DEFICIT WILL BREACH $1 TRILLION TWO YEARS EARLIER THAN PREDICTED
Posted on AllSides August 21st, 2019
From The Center
The federal budget deficit is projected to reach more than $1 trillion for the 2020 fiscal year, a figure that would arrive two years sooner than previously predicted, according to a new report from the Congressional Budget Office (CBO) released Wednesday.
This fiscal year, which ends September 30, will see a deficit of about $960 billion, a figure that CBO says will likely climb to at least $1 trillion for fiscal year 2020. Previously, the non-partisan federal agency that provides budget and economic information to Congress forecasted the deficit to...
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