"The United States is rapidly accelerating toward a definitive tipping point in its financial history, the Committee for a Responsible Federal Budget (CRFB) wrote in response to the latest 10-year outlook from the Congressional Budget Office. The nonpartisan budget watchdog issued a stark assessment: The current trajectory of borrowing, which is running at double the 50-year historical average, is simply mathematically unsustainable."
"The CBO updated its projections to account for the One Big Beautiful Bill Act (OBBBA), Trump's tariff regime, changes in immigration, and other factors. "With debt approaching record levels, interest costs exploding, trust funds approaching insolvency, and deficits expected to remain more than twice as large as the oft-discussed 3% of GDP target," the CRFB argued, "lawmakers should come together to enact significant deficit reduction.""
"According to the new CBO projections, the federal debt held by the public is on track to reach a record 120% of Gross Domestic Product (GDP) by 2036. In sheer dollar terms, the pile of money owed by the government is projected under the CBO's baseline scenario to balloon from nearly $31 trillion today to a staggering $56 trillion over the next decade. The speed of this accumulation is unprecedented in peacetime."
The United States is accelerating toward a financial tipping point as federal borrowing runs roughly double the 50-year historical average. The Committee for a Responsible Federal Budget warns that the current trajectory is mathematically unsustainable without legislative intervention. CBO baseline projections, adjusted for the One Big Beautiful Bill Act, tariffs, immigration changes, and other factors, show debt held by the public could reach 120% of GDP by 2036. Dollar debt is projected to rise from about $31 trillion today to roughly $56 trillion over the next decade. Interest costs are set to explode, trust funds face insolvency, and annual deficits will remain well above a 3% of GDP target. Significant deficit reduction is recommended to avoid fiscal crisis.
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