CBO outlook on long-term debt worsens

Townhall.com Staff
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Posted: Jun 22, 2011 10:49 AM
CBO outlook on long-term debt worsens
New figures released Wednesday by the Congressional Budget Office show debt rising to 190 percent of the gross domestic product by 2035.

The annual long-term budget outlook forecasts a surge in public debt this year that will rise to 70 percent of GDP by the end of fiscal year 2011 compared to 62 percent by the end of 2010.