The federal budget deficit is not slowing down.
Following the Bipartisan Budget Act of 2019, the Congressional Budget Office updated its forecasts on Wednesday, with predictions that the deficit will reach $960 billion for the 2019 fiscal year, which concludes on Sept. 30. That number is expected to swell to $1 trillion for the 2020 fiscal year, the first time the deficit could cross that threshold since the 2012 fiscal year.
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