Budget Deficit to Hit $1.48T By the End of This Fiscal Year : CBO

The federal government’s budget deficit is expected to grow about 14% to $1.48 trillion by the end of the current fiscal year, an increase largely resulting from the extension of lower tax rates, the Congressional Budget Office [CBO] said Wednesday. – The WSJ

1 Comment on Budget Deficit to Hit $1.48T By the End of This Fiscal Year : CBO

  1. that number will easily top two tril by the end of the year and soar like a rocket next year easily topping 5 tril in two years.when you’re borrowing two, three trillion a year the federal gov’t has basically lost all sense of reality

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