CBO: Debt crisis looms absent major policy changes

By ANDREW TAYLOR Associated Press
Posted: 06/22/2011 08:54:22 AM PDT
Updated: 06/22/2011 11:25:28 AM PDT

WASHINGTON—A new report says that the national debt is on pace to equal the annual size of the economy within a decade, levels that could provoke a European-style debt crisis unless policymakers in Washington can slam the brakes on spiraling deficits.

Full story:
http://www.mercurynews.com/news/ci_18329764?nclick_check=1