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CBO Sees U.S. Debt Hitting 106% of GDP by 2039

Capitol

 (Reuters)

U.S. public debt will grow to 106 percent of economic output in 25 years from about 74 percent currently, the Congressional Budget Office said on Tuesday, marking a slight increase from projections made last September.

The non-partisan budget referee agency attributed the changes in its long-term budget outlook based on current tax and spending laws to a slight downward revision in its economic growth projections, partly offset by assumptions of reduced interest rates and health care costs. (Reporting by David Lawder; Editing by Susan Heavey)