CBO Projects U.S. National Debt to Hit $64 Trillion by 2036

New Congressional Budget Office estimates forecast annual increases of $2.4 trillion over the next decade, doubling debt from 2023 and tripling 2018 levels.

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Terms & Concepts
  • CBO (Congressional Budget Office): A nonpartisan U.S. federal agency that provides economic and budgetary analysis for Congress.
  • National Debt: The total amount of money that a country's government owes, typically arising from borrowing to fund expenditures.
  • Fiscal Projection: An estimate predicting future government revenue, spending, and debt, based on current policies and economic conditions.