The Congressional Budget Office (CBO) has released a new report projecting that US deficits will continue to rise sharply over the next three decades, with significant risks posed to the economy. The analysis highlights that the national debt could exceed levels not seen since World War II, driven largely by the fiscal impact of extending the 2017 tax cuts, which could add approximately $37 trillion in debt. The report also indicates that without immigration, the US population may start to decline by 2033, further constraining economic growth. This combination of increasing debt, coupled with declining birth rates, is expected to hinder economic progress, as projected growth rates are forecasted to slow significantly. Policymakers are urged to consider these challenges when planning future fiscal strategies.