The Congressional Budget Office is projecting that debt held by the government will reach $50 trillion by 2034, which equates to roughly 122% of GDP over the next 10 years, representing a 25 percentage point increase over 2023 levels.

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the Congressional budget office is projecting that debt held by the government will reach 50 trillion do by 2034 which equates to roughly 122% of GDP

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CBO Director: What Happens When Debt Hits 122% Of GDP | Phillip SwagelDavid Lin
Created: 8/12/2026, 6:26:40 PM

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