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 People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold READ MORE Fed’s Barr: Inflation data ‘disappointing,’ tight policy needs more time READ MORE The Commodities Feed: China buys more gold in February READ MORE Feature: Turkish investors flock to gold amid Middle East turmoils READ MORE Add a Comment Cancel replyYour email address will not be published.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
