According to data from the U.S. Congressional Budget Office, the federal government is staring down a $1.9 trillion deficit for fiscal year 2025. The CBO notes that that’s about 6.2% of the U.S. gross domestic product. “That’s significantly more than the 3.8% that deficits have averaged over the past 50 years,” the CBO notes.
Will the Stock Market Crash in 2025? 8 Risk Factors
view original post