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The CBO warns rising deficits and debt threaten economic stability without urgent fiscal reforms.
The Congressional Budget Office (CBO) released its latest report warning that without significant policy changes, federal deficits and debt are projected to rise sharply over the next decade, posing risks to economic stability.
The report underscores the urgency of reform in key areas like healthcare, taxation, and spending to avoid long-term fiscal challenges.
While the CBO did not prescribe specific solutions, it emphasized that delaying action could lead to increased interest costs and reduced policy flexibility.
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El CBO advierte que el aumento de los déficits y de la deuda amenaza la estabilidad económica sin reformas fiscales urgentes.