Federal Debt Will Shatter 83-Year-Old Record In 2029

Federal Debt Will Shatter 83-Year-Old Record In 2029

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The Congressional Budget Office predicted Tuesday that federal debt held by the public will grow to a record 107% of gross domestic product by 2029 and soar to 181% by 2053—a debt burden that would far exceed all previously recorded levels. The projections, which are dependent on current laws…

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