The deficit for 2025 is $0.1 trillion (or 4 percent) less in CBO’s current projections than it was in the agency’s June 2024 projections, and the cumulative deficit over the 2025–2034 period is …

Jan 21, 2025 · CBO now projects that deficit spending for FY25 will reach a staggering $1.9 trillion, the third-highest figure in American history. The FY 2025 deficit amounts to 6.2 percent …

In comparison to June 2024’s CBO outlook, deficits are now projected to be a cumulative $1 trillion less over FY2025-2034. The main contributor to this is a $2.5 trillion decrease in …

Aug 20, 2025 · Deficits will total $22.7 trillion (6.1 percent of GDP) over a decade and rise from $1.7 trillion (5.6 percent of GDP) in 2025 to $2.6 trillion (5.9 percent of GDP) in 2035.

6 hours ago · Summary of Economic Projections In conjunction with the Federal Open Market Committee (FOMC) meeting held on December 9-10, 2025, meeting participants submitted their …

Jan 23, 2025 · In CBO’s baseline projections, the federal budget deficit in fiscal year 2025 is $1.9T. The deficit grows to $2.7 trillion by 2035. It amounts to 6.2% of GDP in 2025 and drops to 5.2% …

Aug 26, 2025 · Under the updated baseline, CRFB projects that the national debt held by the public will rise from about 100% of gross domestic product (GDP) in 2025 to 120% of GDP by 2035. In …

Jun 18, 2025 · Under our baseline forecasts, the general government (GG) fiscal deficit will narrow to 7.1% of GDP in 2025 from nearly 8% in 2024, chiefly due to higher revenue collection, …

Aug 20, 2025 · The CRFB, which advocates for deficit reduction, projected a $1.7 trillion deficit in fiscal 2025 or 5.6% of GDP, down slightly from $1.83 trillion in 2024 and the CBO's 2025 …

Jan 17, 2025 · The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that …