business i'm john nelda on in berlin welcome the u.s. budget deficit is expected to balloon to more than a trillion dollars in the next fiscal year the nonpartisan congressional budget office warns that federal debt is on an unsustainable course it says the budget deal signed into law earlier this month would increase deficits by $1.00 trillion dollars over the next decade the cvo is also projecting slower growth in the coming years means lawmakers will have to increase taxes cut spending or do post to put the brakes on spiraling debt our financial correspondent joins us from new york what does the deficit mean for the economy going forward well especially if you look at the future if the u.s. economy should get into a recession or we see growth slowing quite a bit so what can washington do cutting more taxes for example that would even balloon the deficit higher and we've seen it when the u.s. president to donald trump took office early 2017 we saw this a mess of tax cuts and if you get less when then on the other side you get a greater