CBO Report: U.S. National Debt to Exceed $56 Trillion by 2034 A Congressional Budget Office report projects that the U.S. national debt will exceed $56 trillion by 2034, up from just under $35 trillion currently. The growing debt is fueled by higher spending than tax revenues, with a $1.9 trillion deficit expected in 2024. Key contributors to the rising deficit include student loan debt cancellation, aid to Ukraine and Israel, and increased Medicaid costs. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE Tech Titans Propel S&P 500 to Unprecedented 5,600 Milestone READ MORE ZeroHedge: There's An Odd Chill In The Air – Dallas Fed Respondents Warn Of "Pending Doom" READ MORE Gold Surges to New High Amid Rising Haven Demand READ MORE Central Bankers Plan Record Increase in Gold Reserves, Survey Finds READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment