The Buzz

Feds running out of money too, CBO says. Blame the calendar.

In this May 11, 2015 photo, Al Karp, right foreground, and his wife Saundra, left, dance to the music their son Larry, background, plays on the piano at their home in North Miami Beach, Fla. The trio performs old standards locally as the Karp Family to ease stress and help raise money to save their home from foreclosure.
In this May 11, 2015 photo, Al Karp, right foreground, and his wife Saundra, left, dance to the music their son Larry, background, plays on the piano at their home in North Miami Beach, Fla. The trio performs old standards locally as the Karp Family to ease stress and help raise money to save their home from foreclosure. AP Photo/Alan Diaz

The Congressional Budget Office is out with another warning that federal spending is not sustainable over the long term, at its current rate.

The main culprit? People getting old.

Take a walk through this slide presentation:

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