$100 trillion in new debt over next 30 years: CBO
The government has opened the spending spigot over the last year to deal with the coronavirus crisis — but the Congressional Budget Office says unless something changes, Uncle Sam’s freewheeling ways will last long after the pandemic is over.
CBO projects whopping $2.3 trillion budget deficit for fiscal year 2021
The Congressional Budget Office (CBO) is projecting a whopping $2.3 trillion budget deficit in fiscal year 2021, though that deficit would be $900 billion less than the one in 2020.
GDP set for strongest growth in 17 years in 2021: CBO
The economy will grow in 2021 at its fastest rate in 17 years as vaccines are administered across the country and life returns to normal, the Congressional Budget Office projected Monday.
Social Networks Ban NY Post Article Disclosing Hunter Biden Emails
Facebook and Twitter were widely criticized as it blocked users from sharing a New York Post article that published allegedly leaked Hunter Biden emails which disclosed a Ukrainian businessman encouraging him to use his influence while his father, Joe …
Federal debt held by the public to exceed GDP by next year: CBO
The coronavirus pandemic and federal efforts to provide relief will significantly add to the federal debt in the years ahead, the Congressional Budget Office projected Monday.
The post Federal debt held by the public to exceed GDP by next year: CBO app…
CBO warns Social Security, Medicare and Highway Trust Funds will be ‘exhausted’ within 10 years
The balances in three federal trust funds – Social Security, Medicare and the Highway Trust Fund – will be “exhausted within the next 10 years” without congressional action, the Congressional Budget Office warned Wednesday.
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