Category: fox-news/fox-news-politics/fox-news-house-of-representatives/fox-news-deficit

Hedge fund billionaire says US debt ‘is a growing concern that cannot be overlooked’

Citadel founder and CEO Ken Griffin sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund that was published Monday. Griffin pointed to recent projections by the nonpartisan Congressional Budget Office (CBO) that show the national debt rising to historic levels due to higher spending on interest to service the debt, while annual budget deficits are…

Danger ahead: CBO says debt will consume 166% of GDP in 30 years

The nonpartisan Congressional Budget Office (CBO) released a report on Wednesday that projected the national debt will rise to unprecedented levels over the next 30 years despite recent deficit reduction efforts and an improved outlook for economic growth. The CBO’s projections show the share of federal debt held by the public – a key metric used by economists to track the size of the national…