ABC News on MSN
US debt expected to balloon, CBO says. Here's what to know
The ballooning debt is owed in part to a tax cut Trump enacted, a report says.
The U.S. national debt is set to break a World War II record by 2030, reaching 108% of GDP as the Congressional Budget Office warns of mounting fiscal challenges ahead.
Al Jazeera on MSN
CBO: US federal deficits and debt to worsen over next decade
‘One Big Beautiful Bill Act’, higher tariffs and immigration crackdown are factored into the report.
Worsening federal deficits are driven by increased spending on Social Security, Medicare, and debt service payments.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results