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 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
  • 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 growth, as the president and congressional Republicans ...
    01/2/2018 - 6:45 am | View Link
  • CBO: Federal deficit to hit $601B in 2019
    Federal ... to exceed the legal limit on how much debt the country can hold on March 16. The Trump administration and Congress will need to collaborate on a way to raise the debt ceiling, or the United States could trigger a global economic crisis by ...
    01/23/2017 - 9:00 pm | View Link
  • CBO Director Predicts Unsustainable Debt, ‘Heightening the Risk of Fiscal Crisis’
    When CBO last issued long-term budget projections in the summer, we projected that, under current law, debt would exceed 100 percent of GDP ... including increasing federal spending for interest payments, restraining economic growth in the long term ...
    01/26/2015 - 7:42 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 ...
    01/26/2015 - 11:00 am | View Link
    Although outlays are projected to decline from 22.8 percent of GDP in 2012 to 21.5 percent by 2017, they will still exceed ... substantial federal debt and by the implications of rising health care costs and the aging of the population. Economic Growth ...
    02/5/2013 - 12:00 am | View Link
  • More
  • Dueling Debt Deceptions
    Q: How much has the federal debt gone up under Obama? A: During his first three years in office, it rose $4.7 trillion, an increase of 45 percent. Partisan graphics ...
    03/18/2018 - 2:43 pm | View Website
  • National debt of the United States
    The national debt of the United States is the debt carried by the federal government of the United States. The public debt is measured as the value of the currently ...
    03/18/2018 - 12:48 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    03/18/2018 - 5:53 am | View Website
  • Causes of the Federal Government’s Unsustainable Spending ...
    In all but five of the past 50 years, the budget of the United States has been in cash deficit.[1] For example, in 2015, the federal government ran a cash deficit of ...
    03/16/2018 - 3:11 am | View Website
  • United States federal budget
    The United States federal budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of ...
    03/15/2018 - 6:50 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