U.S. economy is facing a long-term slowdown, crimped by debt and declining birth rates, CBO says
Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.
US Debt To Explode Past World War II Highs, Threatens Growth For Decades: CBO
The U.S. economy is heading towards a historic surge in public debt, one that's set to eclipse wartime records and cast a ...
U.S. Faces ‘Significant Risks’ From Debt, Analysts Say, as Trump Pursues Tax Agenda
At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional ...
U.S. economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, ...
CBO sees US deficits rising over 30 years, economic growth slowing
The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...
U.S. Debt-Limit Deadline Likely This Summer—or Maybe Sooner
The projection, the first official estimate of the so-called X date, puts lawmakers on the clock to figure out how and when to raise the debt limit.
US faces default risk in August if debt limit isn't raised, CBO estimates
The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...
Senate Republicans warm to hiking the debt limit in their sweeping party-line bill
If Republicans fail to get the votes on their own to lift the debt ceiling, with the deadline expected in August or September ...
US could run short of money to pay its bills by August without a debt limit deal: CBO
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and th ...
U.S. Could Run Out of Cash by May, Budget Office Predicts
The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or ...
Congress must raise debt ceiling by August or September to avoid default: CBO
In the months ahead of the X date, the Treasury Department would take “extraordinary measures” to prevent the U.S. from defaulting on its obligations.