Economy / Finance

US Debt to Shatter $141 Trillion as Massive Borrowing Threatens Dollar’s Reserve Currency Status


US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO At time of publishing, the US national debt has reached $34.64 trillion. The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054. In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, or $141.432 trillion. The excessive debt could threaten the dollar’s role as the reserve currency, the…

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