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Sep 21 2020
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.
By the end of 2020, the federal debt held by the public is projected to be equal to 98% of gross domestic product, up from 79% in 2019.
As deficits continue to rise next year, the debt is expected to reachWashington Examiner
Sep 17 2013
CBO Report Warns Of Long-Term Debt Problems
The good news is that the Congressional Budget Office projects the budget deficit will shrink in 2015. The bad news? After that, deficits will gradually rise.NPR (Online News)
May 15 2013
Deficit projection reduced to $642 billion, CBO says
The federal budget deficit will plummet to $642 billion this year, congressional budget analysts said Tuesday, reducing their previous forecast by roughly $200 billion. The Congressional Budget Office credited recovering tax revenues and a one-time infusion of cash from mortgage giants Fannie Mae and Freddie Mac for the dramatic reduction, which puts the nation on track for its smallestWashington Post
Jun 13 2012
Runaway Train? CBO Sounds Alarm on National Debt
A recent poll found that a shocking 51 percent of Americans believe the U.S. government will go bankrupt, and a new congressional report appears to corroborate those fears.CBN
Jun 26 2018
CBO: Rising Interest Would Increasingly Pressure Government Finances
Rising interest rates will put increasing pressure on government finances and push interest payments to record levels in the coming decades, the Congressional Budget Office said Tuesday.Wall Street Journal (News)
Jul 13 2017
Trump’s budget cuts deficits, but never reaches balance: CBO
President Trump’s budget doesn’t solve the deficit, though it makes a significant dent, the Congressional Budget Office said in a new report Thursday, saying that his deep spending cuts on everything from health care to education would save an additional $3.3 trillion over the next 10 years.Washington Times
Jul 02 2017
Tom Price: CBO's health insurance projections are significantly off
Health and Human Services Secretary Tom Price said his administration doesn't have great faith in the Congressional Budget Office estimates of people who would no longer have health insurance under the Senate GOP's healthcare bill.Washington Examiner
Mar 14 2017
Fact check: How accurate were CBO’s Obamacare predictions?
So, was the Congressional Budget Office really “way, way off … in every aspect” of how it predicted that Obamacare would work, as the White House claims? No, it wasn’t.
The CBO actually nailed the overall impact of the law on the uninsured pretty closely. It predicted a big drop in the percentage of people under age 65 who would lack insurance, and that turned out to be the case. CBOUSA TODAY
Dec 01 2021
Biden's Build Back Better Act Will Likely Cost Twice as Much as the CBO Projects. Here's Why.
President Joe Biden's Build Back Better Act is likely to end up costing taxpayers about double what the official price tag suggests, and much of that hidden cost will end up being added to the national debt.
That's the conclusion from two independent analyses of the proposal released in recent weeks. Both rely on a key assumption that did not figure into the Congressional Budget Office'Reason