Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.

Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.

CBO’s new report serves as a reminder that the lawmakers need to take into account our nation’s long-term fiscal challenges as they consider policy changes.

CBO projects that, on our current path, deficits will reach $1 trillion by 2023 and total $9.4 trillion over the next ten years.

“The federal government’s fiscal path is unsustainable,” warns the Government Accountability Office.

Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year.

Here are some important questions that the moderator could ask at the final debate to start the conversation about our nation’s most pressing fiscal concerns.

New polling shows that voters want Hillary Clinton and Donald Trump to address the national debt in the upcoming debates.

CBO updated its budget projections this week, confirming that for the first year since 2009, deficits as a share of GDP are on the rise again.