US debt on track to double by 2051, raising risk of financial crisis, CBO says
Rising US debt could pose a long-term threat to the nation’s economy and heighten the risk of a financial crisis The federal debt is poised to double to 202% of gross domestic product over the next 30 years, according to the Congressional Budget Office, heightening the risk of a financial crisis in the U.S. The nonpartisan office projected that […]