Congressional Budget Office Director Phillip Swagel said the U.S. would need sustained real GDP growth of 5% to 6% to keep debt in check, far above current forecasts and Treasury Secretary Scott Bessent's 3% target.
CBO Director Warns Growth Alone Cannot Stabilize U.S. Debt
Congressional Budget Office Director Phillip Swagel said the U.S. would need sustained real GDP growth of 5% to 6% to keep debt in check, far above current forecasts and Treasury Secretary Scott Bessent's 3% target.
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