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 ...
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.
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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 ...
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 ...
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 ...
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 ...
Committee for a Responsible Federal Budget12h
Rumored Senate Reconciliation Instructions Would Double Debt Growth
Press reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with potentially $5.8 trillion in net allowable deficit ...
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 ...
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 ...
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," ...