Blog posts

Blog Post

CBO Warns of Rising Federal Deficits and Debt

January 20, 2016

New projections from the Congressional Budget Office (CBO) show the federal deficit rising this year for the first time since 2009 and the government sinking deeper into debt over the next decade.

“Budget projections have turned a corner again, and this time it’s for the worse,” said Robert L. Bixby, executive director of The Concord Coalition. He said the CBO numbers “clearly demonstrate that recent legislation combined with the relentless fiscal pressures of an aging population add up to steadily rising debt from this point forward.”