Congressional Budget Office 2024. Washington (ap) — the congressional budget office said tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in february. The us congressional budget office recently gave an update for their projections for the us budget deficit for the current fiscal year and over the next 10 years.
Washington (ap) — the congressional budget office said tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in february. Some of the effects on the budget result from the increase in the number of people paying taxes and collecting federal benefits.