US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
- The Congressional Budget Office warns that weak population growth and increased government spending will slow U.S. Economic growth over the next 30 years.
- CBO projects publicly held debt will reach 156% of gross domestic product, or GDP, in 2055, which is lower than prior estimates but not necessarily positive.
- The report indicates that without immigration, the U.S. Population could begin to decline by 2033, greatly impacting economic growth.
- A decreasing population may negatively affect living standards and complicate funding for programs like Social Security, according to the CBO.
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CBO: 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…

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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