U.S. National Debt Set to Reach Unprecedented $54 Trillion
Economy
The U.S. national debt could surge to $54 trillion within the next decade, posing a serious threat to the country's global standing.
The U.S. national debt is projected to reach $54 trillion over the next decade, according to Fox Business, citing data from the Congressional Budget Office. This potential increase could jeopardize the United States' position on the global stage.
The growing debt presents significant risks to the U.S. economy. Michael A. Peterson, CEO of the Peter G. Peterson Foundation, warned that "America’s financial outlook is more perilous and alarming than ever. This is not the future we hoped for."
This summer, the U.S. national debt surpassed $35 trillion for the first time in history, accounting for nearly one-third of the global debt. Economists caution that the U.S. economy could slip into recession by the end of 2024.
The growing debt presents significant risks to the U.S. economy. Michael A. Peterson, CEO of the Peter G. Peterson Foundation, warned that "America’s financial outlook is more perilous and alarming than ever. This is not the future we hoped for."
This summer, the U.S. national debt surpassed $35 trillion for the first time in history, accounting for nearly one-third of the global debt. Economists caution that the U.S. economy could slip into recession by the end of 2024.
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