The Congressional Budget Office (CBO) forecasts a more optimistic debt outlook for the U.S., with the debt-to-GDP ratio expected to reach 166% by 2054, an improvement from previous projections. This outlook is attributed to increased immigration boosting the labor force and recent bipartisan agreements to curb spending.
Despite this, the nation faces challenges with public debt set to exceed post-WWII levels by 2029. The CBO underscores the importance of immigration for economic growth and the uncertainty surrounding these long-term projections.
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