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   
RELATED ARTICLES
  • 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 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 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
BING NEWS:
  • 'A tax on future generations': U.S. debt on path to exceed World War II levels
    “Large budget deficits over the next 30 years are projected to drive federal debt held by the public to unprecedented levels… from 78 percent of gross domestic ... Firstly, debt would “dampen economic ...
    07/12/2019 - 3:55 am | View Link
  • CBO Predicts Historic Levels Of Debt By Mid-Century
    By 2049, the debt as a share of the economy still would exceed the levels ... would spend 20 percent of its budget on interest on the debt. Except for health care and Social Security, interest ...
    06/26/2019 - 3:22 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 ...
    08/15/2016 - 1:00 pm | View Link
  • New CBO Director Renews Warning on Long-Term Debt
    Elmendorf testified before the House Budget Committee last January that debt will exceed 100 percent ... a large and rapidly growing federal expense. The government’s net outlays for interest would ...
    06/16/2015 - 8:59 am | View Link
  • 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 ...
    01/26/2015 - 6:25 am | View Link
  • 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