US House budget projects $1.9 trillion deficit for fiscal year 2025, or 6.2% of GDP ...Middle East

The budget is just out.

US House budget aims to raise debt ceiling by $4 trillionNational debt would surpass $36 trillion, or 123% of GDPThe proposal calls for a $2 trillion reduction in mandatory spending over the next decadeEntitlement expenditures now account for more than 70% of the federal budgetThe Education and Workforce Committee must reduce the deficit by $330 billion, The Energy and Commerce Committee faces an even steeper $880 billion in required savingsthe Armed Services Committee authorized to increase the deficit by $100 billionHomeland Security and Judiciary Committees will collectively add another $200 billion​ This article was written by Adam Button at www.forexlive.com.

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