Tax Policy Center

interest on the debt

Federal Budget and Economy: TaxVox

CBO Predicts Historic Levels of Debt By Mid-Century

CBO Predicts Historic Levels of Debt By Mid-Century If the US continues today’s patterns of taxes and spending, the national debt will almost triple as...
June 25, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

CBO’s Spending Projections Map the Coming Fiscal Battle

Without changes in the law, health care, Social Security, and interest on the debt will eat up 85 percent of all new federal government spending over the next 10 years, according to the latest estimates by the Congressional Budget Office. By contrast, CBO expects most of the rest of government,
August 28, 2014Howard Gleckman