The Federal Budget Deficit Is Getting Bigger As Spending Grows
The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.
Congressional budget forecasters are predicting more red ink — nearly $1 trillion this year — as a result of the bipartisan spending agreement lawmakers struck this summer.
The nonpartisan Congressional Budget Office now says the in fiscal 2019 and average $1.2 trillion in each of the next 10 years.
