Experts Sound Alarm as National Debt Tops GDP for First Time Since WWII

Date:

The U.S. Capitol building on April 29, 2026. Madalina Kilroy/The Epoch TimesThe U.S. national debt has surpassed the size of the economy, reaching its highest level since World War II, excluding a brief pandemic-era spike, according to new data that is sharpening concerns about the country’s long-term fiscal trajectory.Debt held by the public reached $31.27 trillion as of March 31, slightly exceeding the nominal gross domestic product (GDP) of $31.22 trillion over the prior 12 months, pushing the debt-to-GDP ratio to 100.2 percent, the Committee for a Responsible Federal Budget (CRFB) said in an April 30 report based on fresh figures from the Bureau of Economic Analysis.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Business Taxpayers Can Recover Certain Federal Taxes Paid on Fuels, IRS Guidance Says

A truck driver fills up with diesel, in an...

US to Release up to 92.5 Million Barrels of Oil From Reserves

The Bryan Mound Strategic Petroleum Reserve, an oil storage...

Trump Eyes Australias Super System for US Retirement Overhaul

President Donald Trump signs an executive order regarding federal...

Trump Says Gas Prices Will Fall Like a Rock After Iran War Ends

Gasoline prices are displayed on a sign as customers...