The US fiscal deficit is soaring: the projected deficit for fiscal year 2024 is expected to increase by 27% to $1.9 trillion, intensifying the vicious cycle of fiscal competition between the two parties
Recently, CCTV reported that the Congressional Budget Office of the United States predicts that due to increasing government spending, the federal budget deficit for the 2024 fiscal year will be significantly increased by 27%, reaching an astonishing $1.9 trillion.
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