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U.S. National Debt Set to Exceed $36 Trillion

1/18/2025

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Summary

Story summary

The Congressional Budget Office raises alarms as the U.S. national debt is projected to soar past $36 trillion, with staggering annual deficits of $21.1 trillion looming over the next decade. By 2035, debt could eclipse 118% of GDP, as escalating costs for social programs and interest payments jeopardize fiscal stability, leaving lawmakers grappling with tough budget choices.

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Story summary

The Congressional Budget Office raises alarms as the U.S. national debt is projected to soar past $36 trillion, with staggering annual deficits of $21.1 trillion looming over the next decade. By 2035, debt could eclipse 118% of GDP, as escalating costs for social programs and interest payments jeopardize fiscal stability, leaving lawmakers grappling with tough budget choices.