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 CBO Raises 2024 US Budget Deficit Forecast by 27% to Nearly $2 Trillion READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE InvestingHaven Reveals Seven Charts that Shows Silver is Undervalued READ MORE China's Gold Market: ETF Inflows Surge Despite Weak Wholesale Demand in June READ MORE U.S. Economy Surges Past Gloomy Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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