CBO chief warns it’s ‘probably not plausible’ that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent’s 3% view

The Congressional Budget Office (CBO) director, Phillip Swagel, has stated that it's unlikely that a strong economy alone can stabilize US debt. He believes that growth of 5% to 6% is needed, which is higher than the 3% growth projected by CBO's own economist, Mark Bessent.