‘An Unsustainable Path’; Federal Budget Deficit Increases by $38 Billion to $1.2 Trillion: Congressional Report
‘Spending this year is now anticipated to be greater than previously projected,’ according to the Congressional Budget Office report. The federal budget deficit reached $1.2 trillion in the first eight months of 2024, marking a $38 billion increase from 2023, according to a federal report that has triggered alarms among economic analysts who warn of