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CBO: Federal deficits and debt to worsen over next decade
The Congressional Budget Office forecasts deficits $1.4 trillion higher over 2026–2035 due to increased spending on Social Security, Medicare, and debt service, plus recent policy changes.
- The Congressional Budget Office projects increasing federal deficits and debt over the next decade, largely driven by rising spending on Social Security, Medicare, and debt service payments.
- Higher tariffs partially offset some deficit increases by raising federal revenue, but also lead to higher inflation from 2026 to 2029.
- Rising debt and debt service crowds out government spending on areas like infrastructure and education that enable future economic growth.
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65 Articles
65 Articles
CBO: Federal deficits and debt to worsen
WASHINGTON — The nonpartisan Congressional Budget Office's 10-year outlook, released Wednesday, predicts worsening longterm federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments.
Coverage Details
Total News Sources65
Leaning Left11Leaning Right8Center43Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 18%
C 69%
13%
Factuality
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