1/ The U.S. is track to add nearly $19 trillion in new debt over the next decade – $3 trillion more than previously forecast. The Congressional Budget Office added that the federal deficit will hit $1.4 trillion this year, and that deficits will average $2 trillion annually over the next decade, as tax receipts fail to keep pace with the rising costs of mandatory spending on programs like Medicare and Social Security. The nation’s current debt currently exceeds $31 trillion. (New York Times / Politico)
This is a companion discussion topic for the original entry at https://whatthefuckjusthappenedtoday.com/2023/02/15/day-757/