The U.S. National Debt: Historical Data and What It Means for Consumers
The challenge is that the U.S. has to pay interest on its debt, which is increasing yearly. The Congressional Budget Office ...
CBO says US budget deficits to widen, national debt to surge to 156% of GDP
The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...
Think The National Debt Is Big Now? Wait Until Trump Tax Cut Extensions Hit
Extending President Donald Trump's 2017 tax cuts could push the national debt to vast levels by 2054, especially if interest ...
Opinion
American Enterprise Institute10dOpinion
The Looming Debt Crisis, the Trump Tax Cuts, and Medicaid
Let’s start with a chart to understand the dire fiscal situation we are in as a nation. Figure 1. Federal Debt Held by the Public as a Share of Gross Domestic Product, 1940-2054 You’re looking at how ...
US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," the Peter G. Peterson Foundation warned.
TASS4mon
US national debt exceeds $36 trillion — US Debt Clock service statistics
According to forecasts by the Congressional Budget Office, the national debt in 2034 will exceed $50 trillion (122% of GDP). According to the office's estimate, the average annual GDP growth in ...
Yahoo Finance16d
US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
It found that US debt held by the public could soar above 200% of GDP by 2047 and 250% by 2054 ... for an estimate on what that would do to the national debt. In response, CBO said Friday that ...