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If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.
CBO projects that interest rates will remain low throughout the decade.
The growth of the labor force is projected to slow.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
SNAP benefits supplement household incomes to help lift people out of poverty.
The national debt has risen dramatically over the past year.
The growing debt is caused by a structural mismatch between spending and revenues.
The federal deficit is projected to decline in 2021, but is expected to remain high over the next decade
SNAP spending sharply increased in response to the COVID-19 pandemic, but is projected to decline below historical levels over the next decade.