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- Report
Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
- Report
S. 744 would boost economic output—CBO projects—by 3.3 percent in 2023 and by 5.4 percent in 2033. Employment, investment, and productivity would increase, but average wages would be less than under current law until 2025.
- Report
CBO examined three budgetary paths that would increase or reduce budget deficits relative to current law. Through 2023, those paths would result in considerably different trajectories of federal debt and the nation’s output and income.