5 years ago
U.S. on track to add $12 trillion to national debt by 2029 unless Washington changes course
Washington has been drowning in red ink for years and it’s only going to get a lot worse over the next decade, a fresh government estimate shows. The U.S. is likely to add $12 trillion in public debt from 2020 to 2029 through a combination of higher government spending and slower economic growth, according to the Congressional Budget Office. That’s on top of the $16.6 trillion the government is expected to owe to the public at the end of 2019.
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