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 »

Sections:  news   u.s.   politics   
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • On Marijuana Tax, Colorado Asks: What’s Too High?
    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Where do more tax cheats live? South and West, IRS study showsWhere do more tax cheats live? South and West, IRS study shows
    Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
  • Obamas paid $112,000 in taxes in 2012Obamas 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
  • Can Washington handle these 6 fiscal truths? - The Hill
    ... of the Congressional Budget Office's (CBO) budget and economic outlook ... deficits, the publicly held federal debt is poised to grow 64 ...
    08/24/2016 - 4:50 am | View Link
  • An Update to the Budget and Economic Outlook: 2016 to 2026 - CBO
    ... and an 11 percent jump in net interest outlays. Debt held by the public ... global economic growth and financial stability, CBO expects the ...
    08/23/2016 - 2:53 pm | View Link
  • Donald Trump and the National Debt - National Review
    ... so deep in debt that your credit-card bills exceed ... exceeds 105 percent of ... it is slowing economic growth today. ... point higher ...
    08/17/2016 - 12:30 pm | View Link
  • More
  • CBO Budget Update: Slower USA Growth Over Next 10 Years, Higher Debt In 2016
    In fiscal year 2016, the federal budget deficit will increase in relation to economic ... criteria); a 1 percent increase in discretionary outlays (which stem from annual appropriations); and an 11 percent jump in net interest outlays. Debt held by the ...
    08/24/2016 - 12:31 am | View Link
  • Report: Analysis of CBO's August 2016 Budget and Economic Outlook
    In dollar terms, debt ... 5.0 percent. *Federal Reserve numbers reflect Personal Consumption Expenditures (PCE) index, which is on average 0.2 to 0.3 percentage points lower than the Consumer Price Index (CPI). The most significant change in CBO’s ...
    08/23/2016 - 1:40 pm | View Link
  • CBO 2015 Long-Term Budget Outlook Report Finds Federal Debt Held by the Public Could Exceed 100 Percent of GDP by 2040
    June 16, 2015 - If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent ... CBO therefore projected economic and budgetary outcomes if total factor productivity grew by 0.8 percent per year or by 1.8 percent ...
    06/16/2015 - 6:44 pm | View Link
  • Congressional Budget Office's 2015 Long-Term Budget Outlook
    In its 2015 Long-Term Budget Outlook, the non-partisan Congressional Budget Office (CBO) warns once again that federal debt is on an unsustainable ... outlays for Social Security will exceed its revenues by nearly 30 percent in 2025, and by more than ...
    06/16/2015 - 1:00 pm | View Link
  • CBO Director Predicts Debt Future, Warns Of Increased ‘Risk Of A Fiscal Crisis’ [VIDEO]
    Appearing before the House Budget Committee, Congressional Budget Office director Douglas Elmendorf testified Tuesday morning that the nation’s debt will exceed 100 percent ... federal spending for interest payments, restraining economic growth in ...
    01/27/2015 - 7:32 am | View Link
  • More
  • CBO Warns: U.S. Debt to Reach 141% GDP
    The CBO warns this week that U.S. debt will hit 141 percent of GDP in ... CBO report predicts that the net federal ... exceed the historic peak of 106 percent ...
    08/24/2016 - 10:18 pm | View Website
  • CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII ...
    ... when measured as a percentage of Gross Domestic Product, ... CBO: Debt Headed to 103% of GDP; ... The U.S. Treasury divides the federal debt into two main ...
    08/17/2016 - 1:15 pm | View Website
  • CBO: In 25 Years, Federal Debt Held by the Public Will ...
    CBO: In 25 Years, Federal Debt Held by the ... income taxes over the next 25 years, federal debt held by the public will exceed 100 percent of the nation ...
    08/11/2016 - 10:31 am | View Website
  • CBO: Federal debt to exceed 70 percent of economic output ...
    ... Federal debt to exceed 70 percent of economic output ... CBO: Federal debt to exceed ... this year to surpass 70 percent of the nation's annual economic ...
    07/13/2016 - 4:13 pm | View Website
  • CBO: Long-Term Budget Outlook Worse than Last Year
    ... when CBO projected debt would reach 111 percent of GDP in 30 ... (CBO) warns that federal debt is on ... alone could exceed what the federal government ...
    07/11/2016 - 7:57 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News