Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels 📅 Published on: February 8, 2024 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 De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE Oil Prices Climb as Market Optimism Grows Amid Tightening Supply Signals READ MORE Citi Analysts See Gold's Highs Continuing READ MORE US Job Cuts Rise Sharply in January READ MORE Add a Comment Cancel replyYour email address will not be published.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
