Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels The Congressional Budget Office (CBO) has issued a warning that the cost of servicing the US government’s debt will reach a new high next year and will continue to increase. This situation raises concerns about the government’s borrowing pace. US debt held by the public is expected to reach $45.7 trillion, or 114% of GDP by 2033, according to the CBO’s latest forecasts. That’s actually down from the 118% projection for 2033 released a year ago. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE Gold: Yet another investment bank ups the ante as political pressures increase READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE BRICS Expansion and De-Dollarization Efforts Challenge USand EU Economic Dominance READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
