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Tag: tax and spending policy
Navigating Fiscal Crossroads: A Comprehensive Analysis of the U.S. Budget and Economic Outlook, 2025–2035
The Congressional Budget Office's (CBO) 2025–2035 U.S. Budget and Economic Outlook presents a sobering forecast of the United States' fiscal trajectory. With federal debt projected to rise from 98% of GDP in 2024 to 118% by 2035, and annual deficits reaching $2.7 trillion, the report underscores the pressing need for policy interventions to ensure long-term economic stability .