CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029
The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the ...
CBO: U.S. could run out of money by August if debt ceiling isn't raised
If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or ...
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
Why Trump Is Right About Ending The Debt Ceiling
The debt ceiling does nothing to control spending—and puts the U.S. economy at risk. Congress should eliminate this outdated ...
Opinion
Committee for a Responsible Federal Budget6dOpinion
CBO: Debt Will Rise to 156% of the Economy in 30 Years
The Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook today, showing that under current law, d ...
US faces default risk in August if debt limit isn't raised, CBO estimates
The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...
AOL5d
CBO says mounting debt could slow growth, pose 'significant risks'
The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching 156% of gross domestic product in 2055. Gross domestic product is a measurement of ...
US risks default as soon as August without debt-ceiling action, CBO estimates
The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even ...
Opinion
Committee for a Responsible Federal Budget2dOpinion
Debt Ceiling Needs to be Raised in Advance of X Date
Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, which was reinstated on January 2, will need to be lifted in advance of the ...
U.S. economy is facing a long-term slowdown, crimped by debt and declining birth rates, CBO says
Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.
Independent Journal Review6d
Congress Has Mere Months To Address Debt Default, CBO Warns
The U.S. government has until August or September to lift the country’s borrowing limit to avert a default on its ...
CBO says mounting debt could slow growth, pose 'significant risks'
The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...