CBO Expects Federal Debt To Double Over Next 30 Years

The court sought the law ministry’s response after going through a statement by the World Health Organisation, which has declared virginity testing as unscientific, medically unnecessary and unreliable.

The Congressional Budget Office estimated Thursday that persistent budget deficits will cause the federal debt to double in size over the next 30 years.

The Congressional Budget Office estimated Thursday that persistent budget deficits will cause the federal debt to double in size over the next 30 years.

Following the 2008 financial crisis and the pandemic, the government has depended heavily on borrowing and low interest rates to help an ailing economy. But as the economy is expected to heal, the CBO has forecasted that interest rates will rise and spending on programs such as Social Security and Medicare will increase.

The estimates do not include President Joe Biden’s proposed $1.9 trillion coronavirus relief package, which would further add to the deficit in hopes of speeding…

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