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Student loan relief contributing to 27% jump in projected federal budget deficit, per CBO
CNN.com· 17 hours agoThe largest is a $145 billion increase that’s partly due to changes the Biden administration made to...
Federal Budget Deficit Forecast Jumps $400 Billion, Fueled by Student Debt Forgiveness
Reason.com via AOL· 13 hours agoIn February, the agency predicted that the deficit would only be $1.58 trillion. However, spending...
CBO Raises Its 2024 Deficit Forecast 27% to Nearly $2 Trillion
The Fiscal Times via Yahoo Finance· 2 days agoThe new projection represents a big jump from the $1.5 trillion estimate released just four months...
EDITORIAL: Biden’s sea of red ink
Las Vegas Review-Journal· 4 hours agoAnd a new report from the Congressional Budget Office projects them to balloon even bigger. The CBO said Tuesday that it expects this year’s federal...
Immigration surge could trim US deficits by almost $1 trillion in 10 years: CBO
The Hill via AOL· 4 days agoAn ongoing immigration surge could reduce the nation’s deficits by almost $1 trillion over the next...
The 2025 Social Security COLA Could Be the Largest We See for a Long Time. Here's Why That's Bad...
Motley Fool via Yahoo Finance· 20 hours agoThat's why the 2025 COLA is expected to be even lower than this year's. The Congressional Budget...
'Shocking': Federal deficit grows by 27 percent in four months
The Center Square· 2 days agoThe U.S. Congressional Budget Office released new estimates this week that the federal deficit this...
Debt ceiling standoff could trigger US rating downgrade, TD's Goldberg says
Reuters via Yahoo News· 21 hours agoCongress has suspended the debt ceiling until Jan. 1, 2025, even as worries over rising U.S. debt...
Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in...
Fortune· 21 hours agoIn February the CBO said its predicted deficit for the year was $1.5 trillion, growing to $2.6 trillion by 2034. Currently America’s national debt stands at $34.7 trillion—though ...
All Eyes Are on the Debate. Everyone Is Ignoring the Most Important Issue.
Barrons.com· 9 hours agoDuring fiscal years 2021 (which included the final months of the Trump administration), 2022, and...
