Late last month, fiscal watchdogs issued a concerning update on the state of federal finances: The national debt had finally ...
“We’ve heard plenty of alarm bells in the past few years about our fiscal path,” said Maya MacGuineas of the CRFB, “but this ...
U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March.
The U.S. has crossed a threshold that is hard to ignore: the national debt is now larger than the entire economy. As of the ...
National debt now exceeds GDP, signaling higher borrowing costs, tighter financial conditions and a long stretch of elevated ...
The U.S. national debt crossed 100 percent of gross domestic product (GDP) at the end of March, with signs that it might cross the record of 106 percent of GDP reached immediately after World War II.
The United States national debt has now grown beyond the size of the country’s GDP, punctuating a long-running trajectory ...
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