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 ...
Committee for a Responsible Federal Budget19h
How Much Did President Biden Add to the Debt?
Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 ...
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.
Committee for a Responsible Federal Budget3dOpinion
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, ...
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 Congress should eliminate this outdated ...
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 ...
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 ...
CBO projects deficits will sharply rise if Trump tax cuts made permanent
New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made ...
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 ...
US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," ...
The Fiscal Times8d
CBO Projects Rising Debt, Slower Economic Growth
The national debt is set to “grow far beyond any previously recorded level over the next 30 years,” the Congressional Budget Office said Thursday. At the same time, the nonpartisan budget ...
Washington Examiner7d
CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029
Large and growing federal debt is also set to slow economic growth over the coming decades, according to the CBO. Real GDP is projected to grow at an average rate of 1.6% per year from 2025 to ...