Congressional Budget Office (CBO): The U.S. budget deficit is expected to be $1.865 trillion in fiscal year 2025, and $1.832 trillion in fiscal year 2024. Under current law, the U.S. public debt is expected to reach 99.9% of GDP by 2025 and will rise

2025-01-18

Congressional Budget Office (CBO): The U.S. budget deficit is expected to be $1.865 trillion in fiscal year 2025, and $1.832 trillion in fiscal year 2024. Under current law, the U.S. public debt is expected to reach 99.9% of GDP by 2025 and will rise to 118.5% in fiscal year 2035.