Por: Associated Press Politics February 16, 2023
WASHINGTON (AP) — The Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the 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 trillion in 2033.The office’s updated 10-year Budget and Economic Outlook outlined stark expectations for the decade ahead, where Social Security would be unable to pay full... + full article
MarketWatch USA 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... + más
CBO warns of potential for U.S. default between July and September, as debt-limit standoff persists | MarketWatch
CBO’s bleak 2023 outlook: High inflation, slower growth, larger budget deficit | Fox Business
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
Biden student loan handout to cost more than $400 billion: CBO | Fox News
MarketWatch USA Politics February 15, 2023
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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