An Update to the Budget and Economic Outlook: 2024 to 2034 | Congressional Budget Office
In CBO’s projections, the deficit totals nearly $2 trillion this year. Large deficits push federal debt held by the public to 122 percent of GDP in 2034. Economic growth slows to 2.0 percent in 2024 and 1.8 percent in 2026 and later years.| Congressional Budget Office
