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.
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 ...
KPVI3d
CBO says 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 ...
AOL9d
US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," the Peter G. Peterson Foundation warned. "Such findings demonstrate the ...
CBS News4d
U.S. economy is facing a long-term slowdown, crimped by debt and declining birth rates, CBO says
Peterson, CEO of the economic think tank Peter G. Peterson Foundation, in a statement. Extending the tax cuts could double the deficit and push debt to 214% of GDP, he added. "And if interest ...
Reuters5d
CBO sees US deficits rising over 30 years, economic growth slowing
which would add to the debt," said Michael Peterson, head of the Peter G. Peterson Foundation, which advocates fiscal policy reforms. There are estimates that extending those tax cuts for a decade ...
Boston Herald4d
US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Michael Peterson, CEO of the Peter G. Peterson Foundation —which among other things tracks the federal debt— said in a statement that “as bad as this outlook is, it represents an ...
The Fayetteville Observer9d
Now is NOT the time to Raise Taxes on North Carolinians | Opinion
Throwing money at poorly designed government programs not a good strategy to help people The centrist Peter G. Peterson Foundation reported in 2023 that one-quarter of health care spending in the ...