Federal Debt to Hit Record Levels, Budget Office Warns - The New York Times
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TL;DR
The Congressional Budget Office warns that federal debt is projected to reach record levels, hitting 120% of GDP by 2036, driven by tax cuts and partly offset by tariff revenue.
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federal debtbudget deficitCongressional Budget Officenational debtGDP
- Federal Debt to Hit Record Levels, Budget Office Warns The New York Times
- GOP tax law fuels steeper deficits, partly buffered by Trump’s tariff revenue The Washington Post
- U.S. government borrowed $43.5 billion a week in the first four months of the fiscal year Fortune
- The Budget and Economic Outlook: 2026 to 2036 Congressional Budget Office (.gov)
- National debt on track to rise to 120% of GDP in 2036 Axios