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 Singapore – The World’s largest central bank gold buyer in Q1 2023 READ MORE Food Wars Loom as Nations Hoard Supplies, Warns Agricultural Trader READ MORE Biden Administration Cancels $6.1 Billion in Student Debt for 317,000 Amid Fraud Claims READ MORE From Treasuries to Gold: China's Shifting Reserve Strategy READ MORE Inflation Reporting's Blind Spot: The Cumulative Impact READ MORE Add a Comment Cancel replyYour email address will not be published.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