Us Budget 2024 Summary And Analysis. The biden administration just released its fiscal year (fy) 2025 budget. 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.
The cj includes agency priorities, requested budget levels and performance plans (in accordance with the government performance and results act). Today the congressional budget office released an update to the budget and economic outlook:
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