US National Debt to Hit $64 Trillion by 2036, CBO Reports

The Congressional Budget Office (CBO) has projected that the U.S. national debt will increase by $2.4 trillion annually over the next decade, reaching a record $64 trillion by 2036. This figure represents a tripling of the national debt since 2018. The CBO’s forecast highlights the growing fiscal challenges facing the U.S. government as it grapples with rising expenditures and interest costs.