The Congressional Budget Office released its 2013 long-term budget outlook on Tuesday, stating that "a large and continually growing federal debt ...would increase the probability of a fiscal crisis for the United States." The report says under …
gross domestic product
Still Headed Towards a Fiscal Cliff
Obama lately has acted as though most of the work has already been done to get the debt problem under control. At a recent press conference, he claimed that he's already cut long-term deficits by $2.5 trillion and that "closing some additional …
US Debt Headed to 200 Percent of GDP
The nation's long-term fiscal outlook hasn't significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis. The "fiscal cliff" deal, combined with the …