Congressional Budget Office warns of US debt default ‘in first two weeks of June’
The agency said there's "significant risk" cash will run out early next month.
The agency said there’s “significant risk” cash will run out early next month.
Congressional Budget Office
CBO projects higher deficits beginning in 2020 after bipartisan spending deal
(ABC News)- As the Trump administration dismisses concern from some economists that the U.S. economy is heading for a recession, the Congressional Budget Office estimates the federal deficit will grow to $960 billion this year before climbing above $1 trillion in 2020 — two years earlier than a projection earlier this year. The non-partisan agency periodically publishes reports that present projections of what federal deficits, debt, revenues…
