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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https://www.newsweek.com/us-deficit-breach-trillion-two-years-earlier-economy-1455544

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