Gross Domestic Product
Long-term healthcare spending dips but debt remains high, CBO says

The government's long-term spending on healthcare is projected to decline slightly in the next 25 years, but the rising federal debt load remains on an unsustainable trajectory, the CBO said Tuesday in its annual budget outlook. The long-term fiscal outlook has not remarkably changed over the last year, the nonpartisan Congressional Budget Office report concluded, following an era of robust budget battles between Congress and the White House. ------------ FOR THE RECORD An earlier version of this post said the CBO last year projected federal debt of 104% of GDP by 2039. It should have said 102%. ------------ The annual budget deficit, which peaked at $1 trillion during the...