It doesn't look like President Trump will be able to keep his 2016 campaign promise of paying off the federal debt during his presidency.
The Congressional Budget Office released a report Tuesday predicting U.S. debt will reach 98 percent of the country's GDP by 2030, up from the 81 percent the office foresees the deficit reaching by the end of 2020. The CBO projects the government will spend $1 trillion more than it collects in 2020, a number which would then increase every year for, well, a while.
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