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As of Dec. 24, 2024, the debt has climbed to nearly $36.3 trillion, a $2.5 trillion increase within the past 12 months. If the average daily rate of debt growth over the past three year
December 16, 2024 at 10:49 AM. ... US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist. ... Publicly held debt is projected to reach 122.4% of GDP by 2034 ...
BALLOONING US DEBT. ... The CBO's projection underestimated the actual deficit-to-GDP ratio in 2024, but its baseline forecast estimates it at 6.1% next year and 5.6% just before Trump leaves ...
CBO estimated in February 2024 that Federal debt held by the public is projected to rise from 99 percent of GDP in 2024 to 116 percent in 2034 and would continue to grow if current laws generally remained unchanged. Over that period, the growth of interest costs and mandatory spending outpaces the growth of revenues and the economy, driving up ...
According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.
As for GDP, their estimate is for 2% growth for this year and next. ... Us National Debt Hits Record $36 Trillion. ... As an example, during the heated 2024 presidential campaign, Vice President ...
Country or territory External debt (USD) Date Per capita Total % of GDP % of total wealth [1] United States of America 77,056: 26.5 trillion: 90.74 18.92: Mar 2024 [2] [3] European Union
The 2025 deficit needs to be reduced by $750 billion to stabilize national debt—or twice what the federal government spends to pay all civilian employees.