federal budget deficit
Dollars, Deficits, and “Duh” in Davos
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
CBO Revises 2017 Budget Gap Down to $559B
But the agency also sees the deficit reaching $1.4 trillion, or 5% of GDP, by 2027, driving debt held by the public to the highest level since 1947.