CBO: Federal deficits and debt to worsen over next decade

CBO: US Federal deficits and debt to worsen over next decade

‘One Big Beautiful Bill Act’, higher tariffs and immigration crackdown are factored into the report.

Federal deficits and debt to worsen over next decade, CBO projects

The Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased spending on Social Security, Medicare, and debt service payments.

Federal deficits and debt will worsen over next decade, Congressional Budget Office finds

Congressional Budget Office projections also indicate that inflation doesn't hit the Federal Reserve’s 2% target rate until 2030.

Interest on the national debt will cost $16 trillion over the next 10 years

A new Congressional Budget Office outlook expects entitlement spending and the national debt to explode in the next decade.

'The fiscal trajectory is not sustainable': CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit

The national debt is set to surpass the historical high of 106% of GDP that it reached in 1946 by 2030, according to the CBO.