This is a news story, published by CNN, that relates primarily to CBO news.
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upcoming congressional budgetCNN
•72% Informative
The Congressional Budget Office projects the deficit will hit $1.9 trillion this fiscal year .
That’s 27% or $400 billion larger than the agency estimated in February .
The growing imbalance is expected to loom large over upcoming congressional budget and tax battles.
The deficit will grow to $2.8 trillion by fiscal year 2034 , the CBO says.
The nation’s uninsured rate hit an all-time low of 7.2% last year , but that figure is expected to rise to 8.9% in 2034 .
The increase is mainly due to the end of a pandemic provision that barred states from disenrolling Medicaid enrollees until 2023 .
The largest increase in the uninsured will be among adults ages 19 to 44 , the CBO estimates.
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