The CBO warned that its forecast, if realized, poses “substantial risks for the nation.” The government’s publicly-held debt currently totals 77 percent of the U.S. gross domestic product (GDP).

The debt collection software market size is expected to grow from USD 2.64 billion in 2018 to USD 3.73 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.

The 2023-24 budget forecast debt of $9.231bn which was revised upwards in the mid-year report to $9.396bn. The figure actually came in at $9.018bn, ...