News@lemmy.world · 1 day ago

US debt reaches $37 trillion years before expected

www.newsweek.com

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US debt reaches $37 trillion years before expected

www.newsweek.com

return2ozma@lemmy.world to

News@lemmy.world · 1 day ago

134

In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.

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There will be no default. However, there will be massive inflation and loss of the dollar as the world’s reserve currency.

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