US Federal Debt to reach 106% of GDP by 2039

US Federal Debt to reach 106% of GDP by 2039

America’s public debt will rise to 106 percent of GDP in the next 25 years, a level seen just once in US history – just after World War II, the US Congressional Budget Office (CBO) warned. US debt has skyrocketed to over $17 trillion, and is now about 74 percent of total gross domestic product, the CBO said on Tuesday.

271
Like
Save