<p>CBO Projects Increasing Deficits Over Next Decade</p>

CBO Projects Increasing Deficits Over Next Decade

U.S. Congressional Budget Office

The federal budget deficit will total $1.4 trillion in 2023 and average $2 trillion per year from 2024 to 2033, while real GDP growth will come to a halt in 2023 and then average 2.4 percent from 2024 to 2027, the Congressional Budget Office said in its February budget and economic outlook.

<p>The federal budget deficit will total $1.4 trillion in 2023 and average $2 trillion per year from 2024 to 2033, while real GDP growth will come to a halt in 2023 and then average 2.4 percent from 2024 to 2027, the Congressional Budget Office said in its February budget and economic outlook.</p>