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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91 Articles
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CBO: Mounting Debt Could Slow Growth, Pose ‘Significant Risks’
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. The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching 156% of gross domestic product in 2055. Gross domestic product is a measurement of economic output. “Mounting debt would slow economic growth, push up interest paymen…

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.
US economic growth to slow in the next 30 years, CBO says
WASHINGTON, United States — Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday. The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2025 to 2055 — projects publicly held debt to reach
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