finance
U.S. Public Debt Surpasses Annual GDP, First Time Since World War II
U.S. debt held by the public has surpassed the country's annual GDP, reaching $31.27 trillion against $31.22 trillion in GDP. The Committee for a Responsible Federal Budget announced the milestone based on recent Bureau of Economic Analysis data. Fitch Ratings warned of potential credit rating risks amid high debt burdens and projected deficits.
en.globes.co.ilAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
U.S. public liabilities have exceeded the size of the economy for the first time since World War II, with debt held by the public surpassing the nation's annual GDP. U.S.
Debt held by the public surpassed the country’s annual GDP on Thursday. 22 trillion. The surpassing occurred in March, based on the committee's analysis of data released this week by the Bureau of Economic Analysis.
U.S. from AAA to AA+ in 2023. U.S. at a AA+ rating. U.S. credit rating risks slipping due to its high debt burden.
U.S. debt burden is far above that of other ‘AA’ category sovereigns,” Fitch Ratings analysts wrote. U.S. ‘AA+’/Stable rating already incorporates a long-running deterioration in governance, particularly in fiscal policymaking.
9% of GDP this year and in 2027. The deficit projection is largely due to deep tax cuts implemented by the Trump administration’s One Big Beautiful Bill Act. 7 trillion to national debt through 2035.
The Supreme Court issued a landmark ruling against the bulk of Trump’s tariffs earlier this year. 7 trillion through 2036. U.S.
Debt over the next decade.
