WASHINGTON DC (June 25, 2019) — The Congressional Budget Office (CBO) released its Long-Term Budget Outlook Tuesday, which warns that today’s high levels of debt are on course to nearly double as a share of the economy over the next 30 years, from 78 percent of GDP today to 144 percent by 2049 under current law. Debt would rise to 219 percent of GDP by 2049 if various expiring policies are continued.







