On January 18, the Congressional Budget Office (CBO) of the United States: The US budget deficit is expected to be $1.865 trillion in fiscal year 2025, and the budget deficit in fiscal year 2024 is $1.832 trillion. Under current law, the US public debt is expected to reach 99.9% of GDP by 2025 and will rise to 118.5% in fiscal year 2035.

The US real GDP growth rate is expected to be 1.9% in 2025, down from the 2.0% forecast in June, and the average annual growth rate is expected to be 1.9% between 2024 and 2034.

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