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The IMF expects US public debt to continue rising, helping drive government debt worldwide to close to 100% of global gross domestic product by 2029, from 93% last year.
The debt ceiling returned on January 2, but Congress has several months to address it before the nation could default on its obligations. (Jemal Countess/Getty Images)
America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141T by 2054
At the same time, the cost of servicing all that debt has also exploded and is contributing to deficits as well, creating a feedback loop on the debt. Interest expenses for the debt are now $1 ...
A third credit rating agency, Moody’s Investors Service, has retained its top AAA credit rating for US securities for now but lowered its outlook last year on the US government debt from "stable ...
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The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
A recent report from the Peter G. Peterson Foundation pointed out that the Congressional Budget Office has estimated that by 2054, interest payments on the debt will triple Washington's historical ...