US EditionUS economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
- The Congressional Budget Office reports that U.S. Economic growth will slow over the next 30 years due to weak population gains and increased government spending, projecting publicly held debt to reach 156% of GDP by 2055.
- According to the CBO, without immigration, the U.S. Population could begin to decline in 2033, which may negatively impact economic growth and raise concerns about living standards.
- Treasury Secretary Scott Bessent warned that the CBO's projections could hinder the Trump administration's policies aimed at managing debt and stimulating economic growth.
- Michael Peterson from the Peter G. Peterson Foundation emphasized that the CBO report serves as a critical warning for tax policy discussions this year.
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85 Articles
NOQ Report
America First ReportCBO: Mounting Debt Could Slow Growth, Pose ‘Significant Risks’
The Congressional Budget Office’s newest projects underscore the nation’s unsustainable spending plans as Republicans look to extend President Donald Trump’s 2017 tax cuts. The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching 156% of gross domestic product in 2055. Gross domestic product is a measurement of economic output. “Mounting debt would slow economic growth, push up interest paymen…
Pacific Daily News
CBO says mounting debt could slow growth, pose 'significant risks'
(The Center Square) – The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to extend President Donald Trump's 2017 tax cuts.
US economic growth to slow in the next 30 years, CBO says
WASHINGTON, United States — Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday. The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2025 to 2055 — projects publicly held debt to reach
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