The United States is poised to add trillions to the national debt over the next decade due to increasing costs of social safety net programs and growing interest expenses.
The C.B.O. predicts a $1.9 trillion budget deficit this fiscal year and total annual deficits of $21.1 trillion over the next decade, escalating the national debt.
By 2035, the U.S. debt as a share of the economy is projected to hit 118 percent, the largest in history, up from the current 100 percent.
The future fiscal outlook assumes that the 2017 tax cuts will expire as scheduled, but ongoing Republican control of Congress suggests they will likely be extended.
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