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 ...
Just The News1d
Interest costs on U.S. debt to exceed economic growth by 2045, increasing risk of fiscal crisis
"Interest costs will reach a record 3.2 percent of GDP this year – exceeding the cost of defense and Medicare," said a budget ...
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 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 ...
Opinion
Committee for a Responsible Federal Budget2dOpinion
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 ...
U.S. could face default by August if Congress doesn't address debt ceiling, budget office says
The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...
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 ...
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 ...
CBO sees US deficits rising over 30 years, economic growth slowing
The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...
Committee for a Responsible Federal Budget2d
Analysis of CBO’s March 2025 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its ...
U.S. Faces ‘Significant Risks’ From Debt, Analysts Say, as Trump Pursues Tax Agenda
At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional ...
Washington Examiner2d
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 ...