what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. what is driving the rise of usha financial services limited (ushafin) - Free VIP Investment Strategies ✌️【Financial Expert】✌️ Free real-time market data to help you quickly recover and avoid losses.

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. Ascongressional Republicans struggleto keep deficits in check while extending their sweeping 2017 tax cuts, the Congressional Budget Office provided a dour forecast.

Even if thosetax breaksare allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion in a decade, according to the CBO’s latest outlook, released Friday. That projection takes into account a boost in individual income tax revenue starting in 2026, though the impact will be “relatively modest,” CBO Director Phillip Swagel told reporters Friday.

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. Spending on Social Security, Medicare and interest payments, however, will grow faster than revenues, further widening the deficit. Fueled by rising debt levels, interest costs are expected to surpass defense spending for the next decade.

In 2035, the adjusted deficit will equal 6.1% of the nation’s gross domestic product, or GDP, far higher than the 3.8% average of the past 50 years. The deficits are notably large considering the forecasts for relatively low unemployment rates in coming years, Swagel noted.

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. Meanwhile, in 2029, the federal debt is expected to surpass its record high of 106% of GDP in 1946. It’s projected to be 100% of GDP this year and hit 118% in 2035.

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. The projections reinforce thedifficult taskthat lies ahead for President-elect Donald Trump and Republicans, who took full control of Capitol Hill this year with a big agenda in mind. Among their top priorities is extending the expiring Tax Cuts and Jobs Act provisions, which would add an estimated $4.6 trillion to the deficit over 10 years.

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. A more immediate hurdle for lawmakers is approving agovernment spending planfor the current fiscal year, which will likely require bipartisan agreement. Funding currently runs out in mid-March, threatening a government shutdown.

Fiscal conservatives are advocating for spending cuts, which Democrats have sought to blunt. Discretionary spending, which includes defense, certain veterans’ benefits, transportation, education and other items, as a share of the economy is relatively low compared to its historical average, Swagel said.

For the current fiscal year, the deficit will rise to $1.9 trillion, or 6.2% of GDP, as the federal government continues to spend more than it collects in revenue. Trump’s Treasury Secretary nominee Scott Bessent wants toslash the budget deficitto 3% of GDP by 2028.

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. What’s more, in coming months, Congress must address thedebt ceiling, which the US is on the verge of hitting, or risk the US defaulting on its obligations. But it could be a tough sell among some Republican lawmakers.

CBO’s budget outlooks are critical for Congress because they establish baselines for spending, revenue and deficits under current law. These baselines are used to evaluate the cost of future policy measures.

However, some GOP lawmakers are floating the idea of evaluating the cost of extending the expiring tax provisions as though they were going to continue, a method known as “current policy.” This would make it look as though extending the measures has no cost, rather than adding trillions of dollars to the deficit over a decade under current law, in which the tax cuts lapse at the end of 2025.

“CBO’s new report shows the high budgetary stakes as a new Congress and president begin their terms and face critically important budget decisions this year,” said Michael Peterson, CEO of the Peter G. Peterson Foundation, a watchdog group. “To meet this moment, it is essential that America demonstrates this basic fiscal competence: that we can keep our government open, avoid self-inflicted economic crises and begin to address our $36 trillion and growing national debt.”

what is driving the rise of usha financial services limited (ushafin) ✌️【Financial Expert】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth.