The U.S. deficit is expected to climb over the next 10 years with higher interest payments set to account for a historic share of government spending‚ the Congressional Budget Office said on Wednesday. Why it matters: New projections from the nonpartisan agency show deficits jumping from $1.6 trillion this year to $2.6 trillion in 2034‚ alongside a slightly less gloomy prediction for the nation's fiscal health than previously estimated. By the numbers: The deficit will be 5.6% of GDP this...