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US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

  • The Congressional Budget Office projects that U.S. Economic growth will slow over the next 30 years due to weak population gains and increased government spending, stating that debt could reach 156% of GDP by 2055.
  • Annual interest costs on U.S. Debt are expected to exceed $1 trillion next year, with total costs reaching $76 trillion over three decades, according to the CBO.
  • Michael Peterson, CEO of the Peter G. Peterson Foundation, called the CBO report a dire warning for tax policy debates, noting potential Social Security cuts within eight years.
  • The Government Accountability Office states that unchecked spending could drive public debt to unprecedented levels, raising significant economic risks.
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CBO says mounting debt could slow growth, pose 'significant risks'

(The Center Square) – The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to extend President Donald Trump's 2017 tax cuts.

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Fox Business broke the news in United States on Wednesday, March 26, 2025.
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