WASHINGTON, DC – Today, the nonpartisan Congressional Budget Office (CBO) released its 2022 Long-Term Budget Outlook, projecting yet again a grim fiscal outlook for future generations. Absent any remedial action by Congress, by 2052 our debt to GDP ratio will be 185 percent…
Washington - The Concord Coalition said today that the new Budget and Economic Outlook for Fiscal Years 2022-2032 released by the Congressional Budget Office (CBO) is evidence that the days of easy deficit reduction from fading COVID relief funding are over.