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US debt set to surge to 120% of GDP as federal deficits spiral over next decade under new projections
The U.S. government's budget deficits are now projected to worsen throughout the next decade when compared with earlier forecasts this year, according to a new report by the nonpartisan Committee for ...
LONDON, July 3 (Reuters) - The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the next decade. If the current debt trajectory ...
US debt and deficits are at historic highs, and many fear that the One Big Beautiful Bill Act could worsen the fiscal outlook over the next decade. Elon Musk has issued dire warnings about the US ...
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