The nonpartisan Congressional Budget ... the CBO projected that federal budget deficits are expected to average $1.9 trillion, or about 5.4% of gross domestic product (GDP), over the next 10 ...
The Congressional ... budget scorekeeper estimated that federal spending would total $7 trillion during the fiscal year, amounting to 23.3 percent of the country’s gross domestic product ...
Proposed remedies still differ radically. Source: Congressional Budget Office By The New York Times By Lydia DePillis The 119th Congress began, as it so often has in recent years, with calls from ...
Furthermore, the most recent Budget and Economic Outlook released by the Congressional Budget ... to grow at a faster pace than gross domestic product over the period, which by itself is inflationary.