National Debt

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.

CBO: Deficit, Public Debt to Double Over Next 10 Years

Despite rising tax collection, government continues to spend outside its means

The deficit is estimated to more than double in 10 years, which is projected to push debt held by the public up to 77 percent as a percentage of Gross Domestic Product (GDP), according to Congressional Budget Office (CBO) estimates.

Sunday Show Round Up

Majority Whip says there are not enough votes for the budget deal to pass the Senate

Senate Majority Whip Dick Durbin (D., Ill.) praised the Ryan-Murray budget on Sunday while cautioning that the Senate does not yet have the votes to pass it.