- The Congressional Budget Office (CBO) projects significant increases to the US national debt in the coming years.
- Recent Senate legislation, including the One Big Beautiful Bill Act (OBBBA), is estimated to add trillions to the national debt.
- One Senate bill is projected to increase the deficit by nearly $3.3 trillion from 2025 to 2034, according to CBO analysis.
- The Senate OBBBA is estimated to add over $3.9 trillion to the debt through 2034.
- Interest costs on the national debt are also projected to rise substantially, potentially doubling by 2034.
US National Debt Projected to Surge Towards $38 Trillion by 2025 Amid New Legislation
Jul 3, 2025, 7:23:57 PM UTC(12 days ago)
Impact: High
