Paying the growing interest will get harder, the Congressional Budget Office has warned The US national debt will nearly double over the next three decades and interest payments on it will triple in relation to gross domestic product (GDP), a non-partisan group of budget experts in Congress has warned. If current laws remain generally unchanged, the Federal government debt will jump from this year’s estimate of 98% of GDP to 107% by 2029, and to 181% by 2053, the Congressional Budget Office (CBO) said in a report on Wednesday. “Such high and rising debt would slow economic growth, push up interest payments to fo
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