CBO Raises 2024 US Budget Deficit Forecast by 27% to Nearly $2 Trillion The Congressional Budget Office (CBO) has increased its 2024 US budget deficit forecast by 27% to nearly $2 trillion, highlighting significant federal borrowing. The deficit is now projected at $1.92 trillion, up from $1.69 trillion in 2023, due to additional spending and student-loan relief measures. The CBO also predicts faster growth and higher inflation, with the Federal Reserve expected to delay interest rate cuts until early 2025. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation Erodes Trust in Major Consumer Brands READ MORE Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week READ MORE Inflation Squeeze: Gen Z Turns to Parents and Budget Cuts to Survive READ MORE $10 Million Gold Smuggling Scheme Unveiled by Hong Kong Customs READ MORE Crude Oil's Upward Momentum Stalls Amid Signs of Overbought Market READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment