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," ...
Anadolu Ajansi6d
US public debt to GDP ratio expected to reach 156% in 2055: Report
The US Congressional Budget Office (CBO) has projected that the US public debt to gross domestic product (GDP) ratio will reach 156% by 2055, according to a report released Thursday. In the Long ...
US Debt To Explode Past World War II Highs, Threatens Growth For Decades: CBO
The U.S. economy is heading towards a historic surge in public debt, one that's set to eclipse wartime records and cast a ...
Mises Institute11d
Will US Debt Cause an Economic Crisis?
Many economic commentators are of the view that the high level of debt poses a threat to the US economy. The debt-to-GDP ...
AOL3d
Another US debt downgrade could be coming
The latest Moody’s analysis suggests that it, too, may lower the US rating at some point in 2025. Moody’s cites the unchecked rise of federal debt as a percentage of GDP, along with ballooning ...
NextBigFuture9d
How the US Debt, Deficit, Economy and Taxes Will Be Fixed
Commerce Secretary Lutnick describes how the US Debt, Deficit, Economy and Taxes will be fixed ... Lutnick is going to adjust the GDP calculation for the last 25 years. They will remove the ...
Business Insider9d
Ray Dalio says he had a 'frank' discussion with the GOP about US debt and the 'mechanics behind how countries go broke'
Dalio told lawmakers to cut the budget deficit to about 3% of GDP. Dalio has repeatedly ... which aired earlier this month that the US could face a debt crisis in the next three years if it ...
Boston Herald7d
US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2025 to 2055 — projects publicly held debt to reach 156% of gross domestic product, or GDP ...
Benzinga.com23d
Ray Dalio Warns US Debt Crisis Could Trigger 'Shocking Developments' Calls To Reduce Deficit At 3% Of GDP
Bridgewater Associates founder Ray Dalio warned on Wednesday that the United States faces a “very severe ... The current debt-to-GDP ratio stands at approximately 125%, with federal debt ...
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
Anadolu Ajansi28d
World debt soars 50% in a decade, exceeding GDP growth
Over the same period, global GDP expanded by about 26%, IMF figures showed. World trade also surged during this time, doubling from around $16 trillion to about $33 trillion. The US' total debt ...
AOL13d
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, assuming the higher debt burden also puts more upward pressure on borrowing costs. Making President ...