U.S. federal debt will reach about 70% of economic output by the end of fiscal 2012: US Congressional Budget Office
Special Correspondent
Jun. 5, 2012

This is the highest since shortly after World War II. The debt burden can keep the US economy is doldrums for decades to come.

CBO's warning mixed with some hope that the US debt will gradually shrink if Congress allows tax cuts to lapse and sticks with strict limits on depending plans.

U.S. federal debt will reach about 70% of economic output by the end of fiscal 2012: US Congressional Budget Office
Special Correspondent
This is the highest since shortly after World War II. The debt burden can keep the US economy is doldrums for decades to come.
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