UNBELIEVABLE: Cbo - The Untold Story

America Hits a New Debt Record at $40 Trillion and Counting

President Donald Trump has surpassed Barack Obama's record for most debt amassed by a president.

Reason · 1h ago

U.S. debt is increasingly at the mercy of the market as interest costs surge while elections add more risk to the debt ceiling, ratings agency warns

"This trajectory points to an unsustainable medium-term fiscal path and leaves the sovereign increasingly exposed to shifts in market sentiment and financing conditions."

Fortune · Oct 3

Refugees and Asylees Start Losing Medicaid as Nine States and DC Report More Than 281,000 at Risk

Refugees and asylees lose Medicaid eligibility Oct. 1, with 281,000+ at risk in nine states and DC. Here's who is exempt and what families can do.

Medical Daily · Oct 2

BlackRock’s CEO Is Backing a $1.5 Trillion Social Security Fund That Needs 75 Years to Work. CBO Projects the Trust Fund Runs Short In 2032.

No bill has been introduced. The CBO and the Trustees also differ by a year on when the combined funds run short and measure the cut differently.

Barchart · Sep 27

Here's how much worse U.S. debt could get as Treasury yields surge to the highest levels in two decades

Publicly held debt would explode to 222% of GDP by 2056, under a scenario where interest rates rise by 1 percentage point.

Fortune · Sep 26

Social Security Could Face 26% Benefit Cuts by 2032 — Newly Retired Couples Could Lose $17K a Year

Social Security benefits could fall 26% after the retirement trust fund is depleted in late 2032, CBO projects, unless Congress acts to close the funding gap.

International Business Times UK · Sep 24

Veterans Forced to Retire After Combat Injuries Could Get Major Pay Boost Under New House Bill

A House bill could restore full military retirement pay and VA disability compensation for combat-injured veterans medically retired before 20 years, but it remains in committee.

International Business Times UK · Sep 24

D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000

"Deficit reduction can further reduce inflation by lowering self-reinforcing inflation expectations to the extent it reduces the likelihood that future policymakers will aim to inflate away the national debt."

Fortune · Sep 23

Trump’s Iran war bill hits $45.1 billion and counting

The Pentagon estimates the US conflict with Iran has cost $45.1 billion. This figure surpasses earlier Congressional Budget Office projections for the war. The Pentagon's estimate includes war-related expenses and additional fuel costs. However, it does not cover repairs or indirect military operation costs. The conflict's ongoing nature suggests continued…

The Economic Times · Sep 20

Iran war costs US $45.1 billion; fatalities possibly higher than 18 reported by Pentagon

The human and material cost of America’s war with Iran is proving larger than previously disclosed, with the Pentagon telling Congress that the conflict has cost $45.1 billion so far, while a Washington Post report said the number of US military fatalities may also be higher than the Pentagon’s publicly…

The Times of India · Sep 19