"Budget Watchdog's Warning: US Government Debt Poses Market Risk"
TL;DR Summary
The Congressional Budget Office projects US federal government debt to reach 116% of GDP by 2034, surpassing levels seen during World War II. However, using current market interest rate expectations and assuming the continuation of Trump's tax cuts, the debt-to-GDP ratio could rise to 123% by 2034, indicating a potentially more dire situation than projected.
Topics:business#congressional-budget-office#economics#gdp#interest-rates#tax-cuts#us-government-debt
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