Debt to reach highest level since 1950 this year


(Worthy News) – The national debt this year will jump to the highest level since 1950 relative to the size of the economy, the Congressional Budget Office reported Tuesday.

The agency projected that the debt held by the public will rise 3 percentage points to 77 percent of U.S. gross domestic product by the end of fiscal year 2016 in September.

Debt has not hit that ratio since 1950, when the government was still in the middle of paying down the debt it incurred paying for World War II. [ Source ]

17
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

9/11 Families Petition to Bar Mayor Mamdani From 25th Anniversary Ground Zero Ceremony
Netanyahu Heads to Washington for High-Stakes Meeting With Trump
Trump Denies Reports U.S. Is Running Out of Munitions Amid Iran Conflict
Typhoon Noul Slams Southern China, Forcing More Than 800,000 to Evacuate
Trump Hits 60 Nations With Forced-Labor Tariffs
Trump Urges Senate GOP to Pass $95B Budget Bill Before August Break
Israel Approves International Force, Initial Reconstruction Project in Gaza
US Says Turkey Still Fails to Meet Conditions for F-35 Sale
Russia Missile Strike Kills 10 Near Kyiv While Romania Downs Drone
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News