U.S. National Debt Could Reach $53 Trillion by 2035, Surpassing GDP
America’s national debt is projected to surge from about $37 trillion today to an estimated $53 trillion by 2035, equal to roughly 120% of GDP, according to a new analysis from the Committee for a Responsible Federal Budget (CRFB). That estimate is roughly $1 trillion higher than earlier forecasts and highlights a rapidly worsening fiscal … Read more