CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029
The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the country’s record in just a few years. The CBO released a long-term budget ...
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. 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.
Without immigration, US suffers population decline starting in 2033, report shows
New report suggests U.S. could begin losing population as the population ages if the nation halts most immigration.
Federal Energy Tax Credits Will Cost More Than $4 Trillion. Lawmakers Might Not Cut Them.
With a continuing resolution passed and the federal government funded through September, Republican members of Congress are ...
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. 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, ...
Center on Budget and Policy Priorities7d
Imposing SNAP Food Benefit Costs on States Would Worsen Hunger, Hurt States’ Ability to Meet Residents’ Needs
the national average under the Congressional Budget Office’s projections for 2026, to $4.80. Under such a benefit cut, an average household would lose more than $1,000 annually in food assistance ...
Corvallis Gazette-Times15d
Letter: What do you want in your health care system?
According to a 2022 Congressional Budget Office report, a single-payer health care system in the United States could save $300 to $450 billion annually (about 16% to 23% of the current federal ...
Education Week15d
Congressional Budget Cuts Threaten Free School Meals for Millions
Congressional belt-tightening could make it ... researchers at the Food Research & Action Center and the Center on Budget and Policy Priorities found in a new analysis. “We have a need in ...