US Debt Clears 100% of GDP as Spending Persists
TL;DR Summary
The U.S. federal debt held by the public has risen above 100% of GDP, signaling elevated leverage even as lawmakers push for more spending on defense and immigration enforcement. Analysts warn rising deficits could lift Treasury yields, raise borrowing costs, and crowd out private investment, while political will to cut deficits remains weak amid no imminent crisis.
Topics:business#debt-to-gdp#defense-spending#economy#fiscal-deficits#immigration-enforcement#treasury-yields
- U.S. federal debt hits 100% of GDP, but Washington keeps spending (TLT:NASDAQ) Seeking Alpha
- U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem. The New York Times
- U.S. Treasury pays $3 billion a day in interest on national debt nearing $39 trillion mark Fortune
- Robert B. Reich: What no one will tell you about the national debt (but I will) nny360.com
- America’s New Debt Milestone – Julia R. Cartwright Law & Liberty
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