Por: MarketWatch Business February 15, 2023
The CBO said its projection of the cumulative deficit over the 2023–2032 period is now $3.1 trillion more than its earlier estimate, “largely because of newly enacted legislation and changes in CBO’s economic forecast, including higher projected inflation and interest rates.” It sees a cumulative deficit for 2024–2033 of $20.2 trillion, or 6.1% of U.S. gross domestic product. The CBO’s estimates come as Democrats and Republicans... + full article
CNBC USA Politics February 16, 2023
A car drives next to a board at a bus stop showing a U.S. national debt figure after the U.S. government hit its $31.4 trillion borrowing limit amid a standoff between the Republican-controlled House of Representatives, President Joe Biden and Democratic legislators that could... + más
Biden student loan handout to cost more than $400 billion: CBO | Fox News
CBO warns of potential for U.S. default between July and September, as debt-limit standoff persists | MarketWatch
ABC News USA Business February 15, 2023
WASHINGTON -- The Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1% — a bleak outlook that was paired with a 10-year projection that publicly held U.S. debt would nearly double to $46.4... + más
CBO’s bleak 2023 outlook: High inflation, slower growth, larger budget deficit | Fox Business
MarketWatch USA Politics February 15, 2023
The CBO said its projection of the cumulative deficit over the 2023–2032 period is now $3.1 trillion more than its earlier estimate, “largely because of newly enacted legislation and changes in CBO’s economic forecast, including higher projected inflation and interest... + más
CBS News USA Politics February 15, 2023
The U.S. jobless rate just hit its lowest level since 1969, but the Congressional Budget Office is projecting a stagnant economy that may push unemployment to its highest since September 2021, when the nation was recovering its footing from the pandemic. The unemployment rate... + más
Fox Business USA Business December 01, 2022
Main Street Asset Management CIO Erin Gibbs and Geltrude & Co. founder Dan Geltrude debate Fed Chair Jerome Powell's inflation strategy on 'Cavuto: Coast to Coast.' will lead to slow economic growth, reduced purchasing power for families and larger budget... + más
If you think the deficit is bad now, it will soon get worse | The Hill
Los Angeles Times USA Business September 28, 2022
The Congressional Budget Office has released its long-awaited estimate of the cost of President Biden's student debt relief program, and as expected, it looks like a big number: $420 billion. In its raw form, the figure evokes the line often attributed (perhaps... + más
Cost of canceling student debt: Roughly $400 billion, CBO says | Portland Press Herald
Biden’s Student Debt Forgiveness Plan Will Cost $400 Billion, CBO Finds | Forbes
Fox News USA Politics September 26, 2022
move to cancel up to $10,000 in student loans for many borrowers — and up to $20,000 for others — will cost more than $400 billion, according to the nonpartisan Congressional Budget Office (CBO).CBO estimates that the cost of student loans will increase by about an... + más
Column: Student debt relief might cost $420 billion. That's a bargain | Los Angeles Times
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