President Joe Biden is set to push the U.S. debt trillions of dollars higher than forecasted, according to new data from the Congressional Budget Office.
The nation is set to add $19 trillion to its debt in the next decade, around $3 trillion more than predicted by the last forecast, the nonpartisan agency reported.
The CBO calculated a $1.4 trillion difference between government spending and tax revenues this year and estimates a $2 trillion annual average gap for the next 10 years.
