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CBO: U.S. debt to exceed size of economy even before stimulus

WASHINGTON — The federal government's total debt is expected to exceed the size of the American economy this year, a figure that does not...

Still, the CBO said that the annual federal deficit — the difference between what the government spends and what it collects in tax revenue every year — is set to decline from…

  • Jeff Stein, The Washington Post
  • The Day

In 2021, America’s federal debt will reach about 102% of its gross domestic product, a slight increase from the year before.

Even without additional spending or tax cuts, that number is expected to grow to 107% of GDP by 2031 — which would be an all-time high in…

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