Phillip Swagel

“So then we’re left with changes in revenues and changes in spending, and those are political choices.”

Phillip Swagel · said date not stated · reported 2026-10-17

The CBO director said addressing the debt will ultimately require political choices on revenues and spending.

“So growth will help, but it’s probably not plausible that growth alone will stabilize our fiscal trajectory,”

Phillip Swagel · said date not stated · reported 2026-10-17

The CBO director cautioned that economic growth alone is unlikely to stabilize the U.S. debt trajectory.