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US Budget deficit expected to rise in the next 10 years
The United States is unlikely to get any relief from the growing deficit. Latest figures from the congressional budget office or CBO shows that the deficit is expected to rise in the next 10 years, with higher interest payments set to account for a historic share of government spending. The new projections from the nonpartisan agency show deficits jumping from 1.6 trillion dollars this year to 2.6 trillion dollars in 2034.
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