CBO

Federal Debt Held By Public Now At Highest Level Since World War II

Growing budget deficits will push debt to reach 150 percent of GDP by 2047

Federal debt held by the public is set to hit 77 percent of gross domestic product by the end of this year, the highest level seen since shortly after World War II, according to the Congressional Budget Office’s 2017 long-term budget outlook.

CBO Projects More Debt, Less Growth Over Next Decade

Federal policies like Obamacare will dampen labor supply and slow GDP growth

Despite increasing federal revenues, debt held by the public is projected to increase 71 percent over the next decade, according to the Congressional Budget Office’s annual economic outlook.

Mulvaney Pulls Out of Event with Anti-Defense Groups

South Carolina congressman has been a staunch supporter of Pentagon cuts

Mick MulvaneyA Republican congressman scheduled to host a briefing on Thursday with a far-left Democratic lawmaker and national security groups supporting defense cuts has pulled out of the event, according to a spokeswoman.