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CBO Federal Terrorism Reinsurance an Update Congressional Cbo  Form

CBO Federal Terrorism Reinsurance an Update Congressional Cbo Form

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THAT WE'RE SEEING IN THE AVERAGES, PRETTY MUTED THIS MORNING AFTER ANOTHER GOOD SESSION YESTERDAY. MEANWHILE, ALL THIS HAPPENING WITH THE CONGRESSIONAL BUDGET OFFICE SAYING THAT IT SEES A FEDERAL BUDGET DEFICIT DROPPING BY 1$190 BILLION THIS YEAR. THAT'S THE GOOD NEWS. THE BAD NEWS IT PROJECTS THE DEFICITS WILL CLIMB OVER THE NEXT DECADE FROM $1.6 TRILLION THIS YEAR TO $2.6 TRILLION IN 2034. JOINING US NOW, CBO DIRECTOR PHF PHILLIP SWAGEL. I THOUGHT IT WAS GOING TO BE $2 TRILLION THIS YEAR. WHY IS IT $1.6 TRILLION? WHAT HAPPENED POSITIVELY? WE'LL START WITH THAT, WITH SOME GOOD NEWS, PHIL. >> OKAY, JOE. THANKS SO MUCH. IT IS NICE TO BE ABLE TO DELIVER SOME GOOD NEWS. SO THERE ARE TWO THINGS. ONE IS THAT THERE IS A BUNCH OF REVENUE THAT BY ACTIONS OF THE BIDEN ADMINISTRATION WAS DELAYED FROM 2023 INTO 2024. THINK OF CALIFORNIA WILDFIRE DISASTERS, AND THEN THE CORPORATE MINIMUM TAX THAT THE GUIDANCE WASN'T PROVIDED BY THE IRS LAST YEAR. SO, THAT'S ONE. AND THEN THE FIS

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