Tag: Fiscal crisis

  • Experts Warn US Debt Might Triple By 2051

    Experts Warn US Debt Might Triple By 2051

    The Congressional Budget Office has warned that by 2051, the United States’ debt will rise to 202 percent, increasing the risk of a fiscal crisis. The legislative arm made the announcement while discussing its long-term budget outlook. The Office estimated debt to be equivalent to 202% of gross domestic product by 2051 from 102% this…