Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.
The U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March.
The US national debt passed another grim milestone Thursday when the latest data showed that government debt held by the public has surpassed America's total annual economic output.
America’s debt burden has hit $38 trillion. In fact, at the time of writing, it is $19 billion over that mark. Economists are warning that spectators won’t have to wait long until debt hits the $39 ...
The U.S. national debt crossed 100 percent of gross domestic product (GDP) at the end of March, with signs that it might cross the record of 106 percent of GDP reached immediately after World War II.
National debt now exceeds GDP, signaling higher borrowing costs, tighter financial conditions and a long stretch of elevated interest rates for households and investors.
America’s national debt has surpassed the country’s gross domestic product for the first time since World War II, marking a stark increase in the government’s fiscal burden. Debt held by the public ...