Deficit set to hit $1.4T this year amid persistent inflation, federal experts say
[ad_1] Deficits as a share of the economy are expected to grow from 5.3 percent this year to 6.9 percent of GDP in a decade, “a level exceeded only five times since 1946,” the independent budget office noted on Wednesday. Debt held by the public is also expected to reach its highest level ever recorded … Read more