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 Sprott CEO Sees Potential for 66% Price Jump READ MORE Japan's Central Bank Shifts Gears: Interest Rates Up, Bond Purchases Down READ MORE Growing Credit Card Debt: A Warning Sign for Investors READ MORE Fed's Focus Shifts: Slowing Quantitative Tightening is Key READ MORE Gold Rally Hits Crucial Juncture: $2,075 Level in Sight for a Major Breakout READ MORE Add a Comment Cancel replyYour email address will not be published.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