Cbo: Federal Debt To Exceed 70 Percent Of Economic Output

AFPCBO: Federal debt to exceed 70 percent of economic outputKansas City StarBy KEVIN G. HALL WASHINGTON -- The amount of federal debt held by the public is projected later this year to surpass 70 percent of the nation's annual economic output, the nonpartisan Congressional Budget Office said Tuesday in a report that ...Unchanged tax, health policies to explode US debt-CBOReutersBarbell Approach Only Way to Lift Heavy EconomyBloombergCBO issues bleak long-term budget outlookThe Associated PressWall Street Journalall 186 news articles »

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  • Obamas paid $112,000 in taxes in 2012
    President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
  • Expert: CT businesses will pay for coronavirus impact on jobless fund
    Now, as the pandemic is creating an unprecedented need, the state will have to borrow huge sums from the federal government to pay the avalanche of unemployment claims. It is a debt Connecticut ... $1 ...
    06/25/2020 - 2:02 am | View Link
  • FTSE slumps as US mulls new tariffs on $3bn of European goods
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    06/24/2020 - 5:52 am | View Link
  • Millions of Americans Can't Afford Water, as Bills Rise 80% in a Decade
    An analysis of U.S. cities by the Guardian and published by Consumer Reports shows millions of Americans can't afford water amid the COVID-19 pandemic.
    06/22/2020 - 10:14 pm | View Link
  • Five ideas to rein in long-term federal debt
    The federal government had a long-term debt problem even before the COVID-19 pandemic appeared on the radar. The public health and economic crises now engulfing the country and the world have ...
    06/15/2020 - 3:51 am | View Link
  • Guest View: The looming battle over pandemic unemployment insurance
    The economic devastation imposed by the coronavirus has been swift, steep, and wholly unlike any prior recession. In March, the government purposely ...
    06/11/2020 - 9:06 am | View Link
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