Washington Post

With deficit rising, worries grow the U.S. may be 'out of bullets' if recession hits

Præsident Trump og Fed's chef Jerome Powell. Foto: Carlos Barria/Reuters

WASHINGTON - The U.S. federal deficit will expand by about $800 billion more than previously expected over the next decade, as recent increases in spending are on track to push the nation into levels of debt unseen since the end of World War II, the Congressional Budget Office said Wednesday.

The annual U.S. deficit will come close to hitting $1 trillion in 2019, an unusually high number during a period of economic growth, the CBO added. Driving that number is spending as well as a large tax cut in corporate and individual income taxes passed by Republicans in 2017...

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