The US public debt is projected to reach $64 trillion by 2036, increasing by $2.4 trillion annually from its current level of $39 trillion, according to a report from the Congressional Budget Office (CBO) shared by Bank of America. This significant rise in debt has been a focal point in recent fiscal policy discussions, particularly as highlighted under President Trump’s administration, where debates about debt sustainability have gained prominence. Bank of America analysts have also expressed concerns about the implications of rising government borrowing costs, which are anticipated to exacerbate fiscal challenges.
US public debt projected to reach $64T by 2036, says CBO via BofA
