CBO: 2025 Deficit Remains Steady at $1.9 Trillion Prior to Tax Adjustments
The Congressional Budget Office reported on Friday an anticipated budget deficit of $1.865 trillion for the U.S. in fiscal 2025. This figure remains largely unchanged from the previous year and suggests that there will be no significant decline in government financial conditions prior to President-elect Donald Trump assuming office on Monday. The CBO’s “baseline”…
