Mounting Debt Levels Pose ‘Significant Risks’ to Fiscal, Economic Outlook: CBO

Red ink will swallow the U.S. economy in the coming years, the budget watchdog said.

The national debt clock displayed at a bus station in Washington on Jan. 2, 2025. Madalina Vasiliu/The Epoch Times

Rising interest costs will add to federal budget deficits and the national debt over the next 30 years, the Congressional Budget Office (CBO) said in a new estimate.

The nonpartisan budget watchdog published its long-term budget projections on March 27, using current law without President Donald Trump’s economic agenda.