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Category Congressional Budget Office

US National Debt Hits All-Time High of $34,667,000,000,000 As CBO Warns Rising Debt Will Reduce Americans’ Income

US National Debt Hits All-Time High of $34,667,000,000,000 As CBO Warns Rising Debt Will Reduce Americans’ Income

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...
US National Debt To Shatter $143,000,000,000,000, Quadrupling in Three Decades: Congressional Budget Office

US National Debt To Shatter $143,000,000,000,000, Quadrupling in Three Decades: Congressional Budget Office

A federal agency that provides financial and economic data to the US Congress is projecting that the country’s national debt will skyrocket over th...
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns

US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns

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 f...