US Deficit, Debt Will Worsen Over Next 10 Years: CBO

Interest costs are expected to more than double in the next decade, the budget watchdog warns.

The national debt clock is displayed in Washington on April 14, 2025. Madalina Vasiliu/The Epoch Times

The federal government’s long-term deficits and debt will worsen over the next decade, according to the nonpartisan Congressional Budget Office (CBO).

On Feb. 11, the same day that the Treasury Department released the January budget numbers, the CBO published its 10-year outlook for the budget and the U.S. economy.