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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  • 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
  • Sliced bagel tax? Travelers, beware America's strangest taxes
    Although taxes are one of life’s certainties, they can still surprise you. Consider the iconic New York bagel: decide to have yours toasted, and it’ll come with a tax. The rationale is that sliced bagels are usually consumed on a café or store’s premises—and restaurant meals are taxed, whereas groceries (like a dozen unsliced bagels) are not. More
  • Cancer and age
    There’s no denying that our bodies deteriorate as we age. But here’s one fact in which those in their golden years may take comfort. If you live long enough, your odds of developing certain cancers decline rather than increase as a function of age. Why would that be? U.C. Irvine Biomedical Engineering Professor James Brody […]
    05/18/2014 - 11:45 am | View Link
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  • CBO's Long-Term Budget Projections Show a Substantial Imbalance in the Federal Budget
    In that report, we noted that although the gap between federal spending and revenues has narrowed recently, CBO’s long-term projections show ... In that same year, debt held by the public would exceed 100 percent of GDP, a level only seen once before ...
    07/16/2014 - 1:00 pm | View Link
  • CBO: In 25 Years, Federal Debt Held by the Public Will Exceed 100% of GDP
    (CNSNews.com)-- Despite a sharp projected rise in personal income taxes over the next 25 years, federal debt held by the public will exceed 100 percent of the nation ... government to respond to a future economic crisis.” High debt could also hurt ...
    07/15/2014 - 1:00 pm | View Link
  • National debt will exceed entire annual US output by 2039, CBO projects
    Public debt is on track to grow to an amount equal to 78 percent ... the risk of an economic depression. But the report says its basic message on debt “applies under a wide range of possible values for some key factors that influence federal spending ...
    07/15/2014 - 10:54 am | View Link
  • CBO says U.S. debt to exceed GDP in two decades
    To make matters worse, the Congressional Budget Office (CBO) published a new report Tuesday that confirmed that the U.S. debt will eclipse the gross domestic product and reach 106 percent of total economic ... agency that avers federal deficits are ...
    07/15/2014 - 7:25 am | View Link
    The CBO ... 77 percent. In addition to those decisions, lawmakers will continue to face the longer-term budgetary issues posed by the substantial federal debt and by the implications of rising health care costs and the aging of the population. Economic ...
    02/4/2013 - 11:00 am | View Link
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  • Political debates about the United States federal budget ...
    Many of the debates about the United States federal budget center around competing macroeconomic schools of thought. In general, Democrats favor the principles of ...
    08/22/2014 - 11:19 pm | View Website
  • Congressional Budget Office (CBO)
    Nonpartisan analysis of the federal budget and the economy for the U.S. Congress
    08/22/2014 - 9:38 pm | View Website
  • Federal Deficit vs. National Debt
    The terms "national debt" and "federal deficit" are widely used by our politicians. But the two are not interchangeable. Here's a quick explanation of each.
    08/22/2014 - 7:51 pm | View Website
  • National debt of the United States
    The national debt of the United States is the amount owed by the federal government of the United States. The measure of the public debt is the value of the ...
    08/22/2014 - 2:15 pm | View Website
  • Federal Debt and Interest Costs
    The past few years have seen a sharp rise in the debt of the federal government. At the end of fiscal year 2008, debt held by the public amounted to $5.8 trillion ...
    08/21/2014 - 3:20 pm | View Website
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