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  2. Experts worry as deficit tops $2 trillion in last year - AOL

    www.aol.com/news/experts-worry-deficit-tops-2...

    (The Center Square) – The U.S. Congressional Budget Office released new data showing that in the last calendar year, the federal deficit has risen over $2 trillion. The CBO released its monthly ...

  3. I.O.U.S.A. - Wikipedia

    en.wikipedia.org/wiki/I.O.U.S.A.

    It also elaborates on several statistics mentioned in the movie - from the $9 trillion federal debt to the $738.6 billion trade deficit to the fact that each citizen owes an average of $30,000. The book includes interviews with Warren Buffett , Alan Greenspan , Paul Volcker , Robert Rubin , Alice Rivlin , Pete Peterson , David Walker , Paul O ...

  4. Federal budget deficit expected to soar to $2.7 trillion in ...

    www.aol.com/news/federal-budget-deficit-expected...

    Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion in a decade, according to the CBO’s latest outlook, released Friday ...

  5. Trump tariffs would shrink the federal deficit, but also the ...

    www.aol.com/finance/trump-tariffs-shrink-federal...

    The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.

  6. Deficit soars as Biden heads out the door - AOL

    www.aol.com/deficit-soars-biden-heads-door...

    The U.S. Congressional Budget Office released its monthly budget review on Monday, which showed that in the first two months of this fiscal year, the federal government has run up a deficit of ...

  7. Economic Growth and Tax Relief Reconciliation Act of 2001

    en.wikipedia.org/wiki/Economic_Growth_and_Tax...

    Collectively, the Bush tax cuts reduced federal individual tax rates to their lowest level since World War II, and government revenue as a share of gross domestic product declined from 20.9% in 2000 to 16.3% in 2004. [10] A 2012 Congressional Budget Office analysis found that the tax cut reduced federal tax receipts by $1.2 trillion over ten ...

  8. US federal budget crosses grim milestone as interest ... - AOL

    www.aol.com/finance/us-federal-budget-crosses...

    For the first seven months of fiscal year 2024, which began last October, ... In the 1990s, the average federal deficit was $138 billion per year. In the 2000s, it was $318 billion. In the 2010s ...

  9. Trump aims for Obama-like federal deficits - AOL

    www.aol.com/finance/trump-aims-obama-federal...

    The federal deficit hit $1.8 trillion in fiscal year 2024, which ended Sept. 30. That was 6.4% of GDP. The last time the deficit came in under 3% of GDP was in 2015, Obama’s seventh year in office.

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