News with the tag "Congressional Budget Office"

The US national debt just hit a new all-time high of $34.667 trillion. New numbers from the Treasury Department’s Debt to the Penny system show the country’s national debt reached the milestone on Friday, May 31st. That’s a $677 billion increase from the start of 2024, when the nation’s debt stood a...

A federal agency that provides financial and economic data to the US Congress is projecting that the country’s national debt will skyrocket over the next 30 years. In its June 2023 Long-Term Budget Outlook report, the Congressional Budget Office (CBO) says the national debt is poised to surpass the ...

The United States Congressional Budget Office has predicted that the U.S. government’s annual deficits will “nearly double over the next decade.”

The United States Congressional Budget Office (CBO) has predicted that the U.S government's annual deficits will “nearly double over the next decade.”

The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that...