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  1. CBO forecasts debt-to-GDP ratio hitting 175% by 2056, warning that defaulting on Treasury debt or Social Security is near certainty.
  2. CBO reviewed government financial status, noting that servicing debt is a major cost.

The Congressional Budget Office projects future interest payments based on current fiscal trends.

4 reports, 4 independent Updated Sep 21
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4
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2
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50%

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Well supportedReported by 4 independent outlets

The Congressional Budget Office projects future interest payments based on current fiscal trends.

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What this event is mainly about
Congressional Budget Office

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  1. CBO projects deficits over $23T by 2035, highlighting the strain of interest payments.1 source
  2. CBO projects future interest payments based on current fiscal trends.1 source

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CBO reviewed government financial status, noting that servicing debt is a major cost. All 1 developments

Within CBO forecasts debt-to-GDP ratio hitting 175% by 2056, warning that defaulting on Treasury debt or Social Security is near certainty.

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