U.S. debt now about 73% of GDP

U.S. debt now about 73% of GDP, CBO says


WASHINGTON (MarketWatch) - The U.S. national debt is now about 73% of gross domestic product, the Congressional Budget Office said Tuesday. The percentage of debt is higher than any point since around World War II, and twice the percentage it was at the end of 2007, the nonpartisan agency said in its long-term budget outlook.

If current laws stay in place, debt will decline "slightly" relative to GDP over the next few years, the agency said. But it warned that growing future deficits will push the debt to 100% of GDP 25 years from now.



http://www.marketwatch.com/story/us-debt-now-about-73-of-gdp-cbo-says-2013-09-17-1091240?link=sfmw_fb


U.S. on ‘unsustainable’ budget course: CBO
Debt to reach 100% of GDP in 25 years, agency estimates


http://www.marketwatch.com/story/cbo-issues-fresh-long-term-debt-warning-2013-09-17?link=MW_pulse