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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BING NEWS:
  • CBO Projects Debt Held by Public to Reach 95.1% of GDP by 2029: What Will Congress Do?
    That’s the main takeaway from the Congressional Budget Office’s updated economic projections ... $960 billion and exceed $1 trillion next year. The nation’s debt trajectory is equally alarming. Debt ...
    08/22/2019 - 4:46 am | View Link
  • CBO: With GOP tax cuts, federal debt will nearly equal size of the US economy
    The Congressional Budget Office estimated that the federal debt will increase from about 75 percent of gross domestic product today ... the possibility that the tax cuts will spur faster economic ...
    01/2/2018 - 11:46 am | View Link
  • Federal Entitlement Spending, Debt Set to Explode, CBO Reports
    A new report by the Congressional Budget Office (CBO) predicts the total amount of liabilities, or debt, owed by the U.S. government will exceed 141 percent ... will consume about 17 percent of the ...
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  • CBO: Interest on federal debt will triple over coming decade
    “The large amount of debt might restrict policymakers ... lower oil prices and faster economic growth than anticipated – would accelerate those estimates slightly. It said that federal spending would ...
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  • CBO: In 25 Years, Federal Debt Held by the Public Will Exceed 100% of GDP
    “The total amount of federal debt held by the public is now equivalent to about 74 percent of the economy’s annual output ... ability of the federal government to respond to a future economic crisis.” ...
    07/15/2014 - 5:56 pm | View Link
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BING SEARCH:
  • Budget and Economic Data | Congressional Budget Office
    CBO regularly publishes data to accompany some of its key reports. These data have been published in the Budget and Economic Outlook and Updates and in their associated supplemental material, except for that from the Long-Term Budget Outlook.
    12/5/2019 - 2:27 pm | View Website
  • CBO Warns: Historic Debt Levels Pose Substantial Risks
    CBO estimates that federal debt, which is already at very high levels, will rise significantly over the next 30 years. In CBO’s latest report, debt is projected to climb from 78 percent of GDP at the end of 2019 to 144 percent of GDP at the end of 2049, assuming current law remains the same.
    12/2/2019 - 5:33 am | View Website
  • CBO Warns: Historic Debt Levels Threaten Economy
    Under current law assumptions, CBO anticipates that federal spending will grow from 20.6 percent of GDP in 2018 to 29.3 percent in 2048. Interest alone is projected to be 6.3 percent of GDP in 2048. Revenues are also projected to increase during that period, growing from 16.6 percent of GDP in 2018...
    12/1/2019 - 11:54 am | View Website
  • An Update to the Budget and Economic Outlook: 2019 to 2029 ...
    In CBO’s projections, federal budget deficits remain large by historical standards, and federal debt grows to equal 95 percent of GDP by 2029. Economic growth is expected to slow from 2.3 percent in 2019 to a rate that is below its long-run historical average.
    08/21/2019 - 7:53 am | View Website
  • CBO's 2019 Long-Term Budget Outlook | Committee for a ...
    Under current law, CBO projects debt will exceed the size of the economy by 2034, surpass the record high by 2037, and be nearly double today’s level at 144 percent of GDP by 2049. Debt will exceed the record high three years later than projected last year, when CBO estimated the nation was 16 years away from reaching this milestone.
    06/25/2019 - 4:17 pm | View Website
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