Economy

June 5, 2012 12:00 AM

CBO: Federal debt to exceed 70 percent of economic output

The amount of federal debt held by the public is projected later this year to surpass 70 percent of the nation’s annual economic output, the nonpartisan Congressional Budget Office said Tuesday in a report that spotlighted the stark choices policymakers face on taxation and government spending.

Related content

Comments

Videos

More Videos

Offshore corporations - The secret shell game 02:24

Offshore corporations - The secret shell game

President Obama lands in Vietnam 00:52

President Obama lands in Vietnam

Watch Topher Ingalls' motocross video filmed in SLO County 02:12

Watch Topher Ingalls' motocross video filmed in SLO County

Texting while driving: Amanda Clark's story 05:59

Texting while driving: Amanda Clark's story

USF professor explains why Florida is a swing state 01:37

USF professor explains why Florida is a swing state

The Americans in the Panama Papers 01:40

The Americans in the Panama Papers

Chernobyl: 30 years later 02:45

Chernobyl: 30 years later

Texas police officer honored with Medal of Valor for shooting Islamic extremists 00:47

Texas police officer honored with Medal of Valor for shooting Islamic extremists

Democrats yell "shame" on the floor of the House of Representatives 02:00

Democrats yell "shame" on the floor of the House of Representatives

Share Video

Editor's Choice Videos