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:
  • Other viewpoints: CBO sounds alarm on spending crisis
    These erstwhile GOP champions of balanced budgets have enacted tax cuts and spending increases that will propel federal debt held by the public from three-quarters of the nation’s annual economic ... will exceed revenue by between 4 percent and 5 percent ...
    04/12/2018 - 8:30 pm | View Link
  • Another voice: CBO sounds the alarm on the crisis lawmakers caused
    These erstwhile GOP champions of balanced budgets have enacted tax cuts and spending increases that will propel federal debt held by the public from three-quarters of the nation’s annual economic ... will exceed revenue by between 4 percent and 5 percent ...
    04/11/2018 - 4:55 pm | 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 ...
    01/24/2017 - 9:00 am | 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 rise to 4.3 percent of GDP by 2040 CBO projects.
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  • CBO Director Predicts Unsustainable Debt, ‘Heightening the Risk of Fiscal Crisis’
    By 2025, in our baseline projections, federal debt rises to nearly 79% of GDP. When CBO last issued long-term budget projections in the summer, we projected that, under current law, debt would exceed 100 percent ... restraining economic growth in the ...
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BING SEARCH:
  • 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 the government, reflecting historical debates and competing economic philosophies.
    05/16/2018 - 12:40 am | 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 outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.
    05/15/2018 - 11:35 pm | View Website
  • The Federal Government and America's Debt
    Since its founding, the U.S. government has borrowed to fund its operations; yet the recent explosive growth of our national debt is a serious concern to many.
    05/13/2018 - 9:55 am | View Website
  • The Budget and Economic Outlook: 2017 to 2027 ...
    If current laws remained generally unchanged, deficits would follow an upward trajectory over the next decade, driving up federal debt. CBO projects moderate economic growth during that period.
    05/11/2018 - 8:05 pm | View Website
  • Trump Tax Plan: 80 Percent of Economic Gains Will End Up ...
    President Donald Trump touted the economic growth triggered by his tax cuts in a speech Thursday afternoon, pointing out the projected growth of gross domestic product (GDP) over the next 10 years had increased because of the plan. But 80 percent of the economic growth generated by the Republican ...
    04/12/2018 - 4:22 pm | View Website
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