CBO: US Federal deficits and debt to worsen over next decade

CBO: US Federal deficits and debt to worsen over next decade

Listen to this articleListen to this article | 5 minsinfoThe nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term United States federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments.Compared with the CBO’s analysis this time last year, ...

CBO: US Federal deficits and debt to worsen over next decade

CBO: US Federal deficits and debt to worsen over next decade
Listen to this articleListen to this article | 5 minsinfoThe nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term United States federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments.Compared with the CBO’s analysis this time last year, ...