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 Rising Pay and Benefits Signal Potential Inflation Challenges for Fed READ MORE Gold Rally Hits Crucial Juncture: $2,075 Level in Sight for a Major Breakout READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE US Crude Oil Holds Strong Above $80 Despite Mixed Data READ MORE Hyperinflation to Hope: Zimbabwe Launches New Gold-Backed ZiG Currency READ MORE Add a Comment Cancel replyYour email address will not be published.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