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CBO predicts unsustainable debt and deficits by 2036
The nation's debt and federal deficit likely will become unsustainable and worsen by trillions of dollars over the next 10 years, the Congressional Budget Office reported on Wednesday. The CBO predicted the federal budget deficit will reach $1.9 trillion by the end of 2026, which is equal to about 5.8% of the nation's gross domestic product. [...]