Congressional Budget Office (CBO): The projected U.S. budget deficit for fiscal year 2025 is $1.865 trillion, while the budget deficit for fiscal year 2024 is $1.832 trillion. Under current law, the U.S. public debt is projected to reach 99.9% of GDP by 2025 and rise to 118.5% in fiscal year 2035.
On December 8, 2024, local time in the United States, on December 7, 2024, the Armed Services Committee of the Senate and House of Representatives of the United States released the final agreement text of the National Defense Authorization Act (NDAA) for fiscal year 2025, which takes into account the proposals of both the House of Representatives and the Senate. The latest version of the NDAA shows that the biosecurity bill is not included. According to the process, the version can only take eff...
Microsoft (MSFT. O) expects double-digit revenue growth in fiscal 2025; first-quarter intelligent cloud revenue is expected to be $28.60 billion to $28.90 billion, with market estimates of $29.06 billion.