What is the main concern highlighted in the CEO's forecast regarding economic conditions?
CBO Warns US Treasury May Default as Soon as July

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Improvement in budgetary projections
Decrease in fiscal challenges
Stability in economic conditions
Worsening economic projections compared to last year
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it crucial for Congress to address the debt limit deal before August?
Congress takes a recess in August
The deadline is in December
The President requested it
It aligns with the fiscal year end
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What stance did Kevin McCarthy take regarding the timing of the debt limit deal?
He proposed a deal in December
He emphasized not delaying the deal
He wanted to postpone discussions
He suggested waiting until the last moment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the outcome of the initial discussions between Kevin McCarthy and President Biden?
They decided to cut Social Security
They finalized the debt limit deal
They took entitlements off the table
They agreed on increasing entitlements
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main contributors to the projected increase in the deficit over the next 10 years?
Social Security, Medicare, and interest payments
Education funding
Infrastructure spending
Defense budget
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