logo
welcome
Reuters

Reuters

CBO estimates $1.8 trillion US deficit for fiscal 2024, largest after COVID

Reuters
Summary
Nutrition label

76% Informative

CBO estimates U.S. federal deficit of $1.834 trillion for fiscal 2024 , highest in post-COVID era.

Outlay for Social Security , Medicare and health insurance tax credits rose sharply.

CBO estimates that "baseline" deficits, which assume no changes to current laws, will grow $22 trillion over the next 10 years .

VR Score

87

Informative language

93

Neutral language

47

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links