text:  I'm Chad Pergram with the Speaker's Lobby. A staggering projection from the Congressional Budget Office. The nonpartisan legislative scorekeeper says the federal budget deficit will hit $1.9 trillion for fiscal year 2024. That's $400 billion higher than what the CBO forecast in February. The budget deficit is the gap between what the government rakes in and spending. The CBO cites a handful of reasons, among them legislation to provide $95 billion in aid to Ukraine, Israel, and Taiwan.