CBO Projects Federal Deficit to Hit $3.1 Trillion by 2036

The Congressional Budget Office projects the federal budget deficit, now at $1.9 trillion, will rise to $3.1 trillion by 2036. According to the CBO, deficits will grow relative to the size of the economy, driven largely by rising net interest costs. The projection comes amid scrutiny of tax cuts and federal benefits passed under the Trump administration. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.