Economic Warnings

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U.S. Public Debt Hits $31.27 Trillion, 100.2% of GDP

U.S. debt held by the public reached $31.27 trillion as of March 31, surpassing the estimated nominal GDP of $31.22 trillion over the prior 12 months. The debt-to-GDP ratio hit 100.2%, according to the Committee for a Responsible Federal Budget. Policymakers and experts expressed…