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CBO: Ballooning national debt could hurt U.S. economy, increase likelihood of crisis

Name: CBO: Ballooning national debt could hurt U.S. economy, increase likelihood of crisis
Uploaded: 2018-06-26T14:09:14-07:00
Channel: NBC Palm Springs
Description: The national debt is on track to nearly double as a share of the economy over the next 30 years, according to a new report from the nonpartisan Congressional Budget Office. Federal debt is currently equivalent to 78 percent of the country’s annual Gross Domestic Product, with the report estimating it will rise to 100 percent of […]

By: NBC Palm Springs

June 26, 2018

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