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.
U.S. economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, ...
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 ...
US could run short of money to pay its bills by August without a debt limit deal: CBO
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
Tyler Morning Telegraph5d
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 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 To Explode Past World War II Highs, Threatens Growth For Decades: CBO
US economy faces historic surge in public debt, hindering growth and policy freedom. Debt projected to reach 156% of GDP by ...
Congress must act by August to prevent debt default, CBO warns
The Congressional Budget Office estimates that the federal government could default on its debt as soon as August unless ...
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 ...
Washington Examiner6d
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 ...
CBS News6d
U.S. economy is facing a long-term slowdown, crimped by debt and declining birth rates, CBO says
The CBO's latest long-term budget and economic outlook report, which covers a timeframe that spans 2025 to 2055, projects publicly held debt to reach 156% of gross domestic product, or GDP ...