The US Congressional Budget Office has projected the budget deficit for FY25 at $1.8 trillion, down by $8 billion from that recorded in FY24.
“Our national debt is about the size of the entire US economy and will exceed its highest ever record as a share of the economy—set just after World War II—in short order,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said.
“Our national debt is about the size of the entire US economy and will exceed its highest ever record as a share of the economy—set just after World War II—in short order,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said.
