CBO: U.S. Budget Deficit at $1.7 Trillion over Past Year
The nonpartisan Congressional Budget Office this week revealed the magnitude of the federal deficit, growing to $1.7 trillion in one year, as the national public debt reachedĀ $34.7 trillionĀ for the first time in U.S. history.
On Monday alone, the national public debt grew by $37 billion. By Tuesday, it surpassed $34.7 trillion overall.
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