🚨 BREAKING: New CBO projections show U.S. federal debt could rise by ~$2.4T per year over the next decade. Total debt is projected to reach ~$64T by 2036, roughly double 2023 levels and about 3x pre-pandemic 2018. Annual net interest costs are expected to more than double to ~$2.1T, becoming one of the largest federal expenditures. Notably, these projections assume no major recession over the period. Long-term debt sustainability is becoming a central macro question. 📊

🚨 BREAKING: New CBO projections show U.S. federal debt could rise by ~$2.4T per year over the next decade.

Total debt is projected to reach ~$64T by 2036, roughly double 2023 levels and about 3x pre-pandemic 2018.

Annual net interest costs are expected to more than double to ~$2.1T, becoming one of the largest federal expenditures.

Notably, these projections assume no major recession over the period.

Long-term debt sustainability is becoming a central macro question. 📊