Us Budget 2024 Summary 2024 . Read comparisons of cbo’s february 2024 baseline. Cbo projects a federal budget deficit of $1.9 trillion in fiscal year 2024, which would be larger than the 2023 deficit of $1.7 trillion.
President biden ’s fiscal year 2024 budget outlines several major tax increases that would add up to nearly $4.8 trillion in new taxes targeted at businesses. Executive summary the congressional budget office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would.
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