US Congressional Budget Office: US government deficit to increase by more than 1 trillion dollars in the next ten years

Gelonghui, April 28th — On the 27th, the Director of the U.S. Congressional Budget Office, Phillip Swagel, stated that over the next decade, the federal government budget deficit will increase by about 110 billion USD. He said that the current conflict in the Middle East has caused energy prices to soar, rendering the U.S. government's efforts to boost the economy through tax cuts "in vain."