CBO: U.S. debt picture has ‘worsened dramatically’

    Congress’ budget office again warned that the U.S. faces a massive debt problem Tuesday, using stark language to describe the government’s long-term mismatch between spending and revenues even as it slightly upgraded its projections for debt over the next 25 years, The Examiner reports.

    “The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007-2009 recession and slow recovery,” the Congressional Budget Office reported in its long-term budget outlook for 2015 released Tuesday.

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