🇺🇸 U.S. fiscal pressures are projected to rise further. The CBO estimates federal deficits could increase by an additional ~$1.4T over the next decade. Government spending is projected to be ~$1.3T higher than previously expected, while revenues are forecast ~$49B lower. Net interest costs are expected to reach a record ~$2.1T by 2036, more than double 2026 levels. The deficit could rise to ~6.7% of GDP, well above the 50-year average of 3.8%. Long-term fiscal sustainability is becoming an increasingly important question. 📊

🇺🇸 U.S. fiscal pressures are projected to rise further.

The CBO estimates federal deficits could increase by an additional ~$1.4T over the next decade.

Government spending is projected to be ~$1.3T higher than previously expected, while revenues are forecast ~$49B lower.

Net interest costs are expected to reach a record ~$2.1T by 2036, more than double 2026 levels.

The deficit could rise to ~6.7% of GDP, well above the 50-year average of 3.8%.

Long-term fiscal sustainability is becoming an increasingly important question. 📊