Outlook Projects $1.6 Trillion Deficit in FY 2024 and Medicare Trust Fund Insolvency by 2034

Outlook Projects $1.6 Trillion Deficit in FY 2024 and Medicare Trust Fund Insolvency by 2034

The Congressional Budget Office (CBO) released the budget and economic outlook for 2024 to 2034 – a regularly updated report that presents projections of federal deficit, debt, revenues, and spending over the next 10 years. Overall, the CBO projects a federal budget deficit of $1.6 trillion for fiscal year (FY) 2024, $0.1 trillion less than the May 2023 projection, and a… (Colocho, February 9, 2024) #Budget, #Costs, #Hospitals, #Insurance Coverage