Us Budget 2024 News Articles. Government budget would raise tax receipts by $4.951 trillion over 10 years, including more than $2.7 trillion in tax hikes on businesses. As political gridlock puts the government at risk of defaulting, biden is making an.
The congressional budget office says it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in february Cbo currently projects a deficit of $1.5 trillion for fiscal year 2024, down from $1.7 trillion in fiscal year 2023.