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," ...
Financial World4d
Grim projections for US public debt and budget deficit through 2055
According to a report published by the Congressional Budget Office (CBO), the US budget deficit and public debt will record a ...
Yahoo Finance2d
Another US debt downgrade could be coming
President Trump says he’s leading America into a new golden age. But a gusher of red ink is blocking the way. The ratings agency Moody’s joined many other debt watchdogs recently in expressing ...
Hosted on MSN10mon
Wall Street is focused on the national debt. Presidential candidates less so.
Wall Street is often concerned about the US national debt, which is set to surpass $35 trillion in the coming months and could represent 166% of GDP by 2054. But weeks can go by on the ...
Anadolu Ajansi5d
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 ...
The New York Times7d
U.S. Faces ‘Significant Risks’ From Debt, Analysts Say, as Trump Pursues Tax Agenda
At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional Budget Office said on Thursday. By Tony Romm As President Trump and his ...
Anadolu Ajansi27d
World debt soars 50% in a decade, exceeding GDP growth
Global debt surged by about 50% over the last decade, outpacing a 46% increase in global gross domestic product (GDP). From the end of 2015 to the end of 2024, global debt rose by 49.2%, from $213 ...
Yahoo Finance11d
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
The nonpartisan Congressional Budget Office estimated what the impact would be if the Tax Cuts and Jobs Act was made permanent. It found that US debt held by the public could soar above 200% of ...