US debt to hit 144% of GDP in 30yrs & keep growing with no end in sight – CBO

US debt to hit 144% of GDP in 30yrs & keep growing with no end in sight – CBO

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US federal debt is projected to soar in the next 30 years, reaching 144 percent of GDP by 2049, according to a report from the Congressional Budget Office (CBO) released on Tuesday.

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