![CBO Boosts Deficit Estimate By 27%](https://eyeonhousing.org/wp-content/uploads/2024/06/Slide4-1-600x400.jpg)
CBO Boosts Deficit Estimate By 27%
The budget deficit in 2024 is expected to total $1.9 trillion, according to the Congressional Budget Office’s most recent June estimates. This marks a $408 billion increase from the $1.5 trillion estimate published in February. This increase is the result of increased spending of $363…