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Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052. The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
Here are five key takeaways from CBO’s latest projections.
The country faces near-term economic concerns about inflation, rising interest rates, and a potential recession. Nevertheless, we also need to maintain focus on the daunting long-term budget trajectory that is outlined in the latest CBO report.
Related: Higher Interest Rates Will Raise Interest Costs on the National Debt
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