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Congressional budget director sees bleak outlook (Reuters)

ARLINGTON, Virginia (Reuters) – The director of the nonpartisan Congressional Budget Office on Monday said the U.S. fiscal outlook is "bleak," with a worrisome rise in debt levels looking likely.

CBO Director Douglas Elmendorf was speaking to a National Association of Business Economists conference.

(Reporting by Emily Kaiser and Mark Felsenthal; Editing by James Dalgleish)

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