CBO: National Debt to Soar by $23.9 Trillion If Tax Cuts Not Extended
By Andrew Moran A new Congressional Budget Office (CBO) report shows that the U.S. national debt is projected to increase by $23.9 trillion over the next decade even if Congress does not extend President-elect Donald Trump’s tax cuts. The nonpartisan budget watchdog released its new 10-year baseline budget and economic outlook on Jan. 17. By 2035, public debt is expected to reach $52…
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