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America’s national debt could be larger than the gross domestic product (GDP) of the United States by 2039 if present levels of federal spending are maintained, the Congressional Budget Office (CBO) predicts in a report that calls the path “unsustainable.” ...

The federal government of the United States could literally run out of money sometime in the next two months, Congressional Budget Office Director Elemendorf has warned. The gloomy assessment also was made by the CBO in a recent study. The ...