Budget deficit for FY2024 hits $1.8 trillion, up from FY2023: CBO
The deficit totaled $1.8 trillion in FY2024, marking the second year in a row that deficits have totaled close to $2 trillion, according to the Congressional Budget Office (CBO) monthly budget review. In FY2023, the deficit was slightly lower at $1.7 trillion.
“The fiscal outlook is daunting,” said Congressional Budget Office (CBO) Director Phillip Swagel during his opening test… Office of Management and Budget Director Shalanda Young testified ...
The proposed program aims to relieve the burden on families relying on Medicaid, which covers the largest portion of the ...
The Congressional Budget Office (CBO) as expected late Friday, Aug. 2, released an official House farm bill cost estimate indicating that the House Agriculture Committee’s farm bill would ...
Expanding Medicare to cover weight loss drugs would cost $35 billion over eight years, according to a new report from the ...
According to the Congressional Budget Office, the average 2034 per-user effect could be $650 in savings and $4,300 in costs ...
The U.S. fiscal outlook is fraught with rising risks, but the next president has enough fiscal space to take on more debt ...
The government bill for the law might mean less cash will be saved than hoped, Stat reports. The Medicare Part D drug benefit is estimated to cost $10 billion to $20 billion more in 2025 than ...
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