{"id":136000,"date":"2025-03-28T08:04:00","date_gmt":"2025-03-28T12:04:00","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=136000"},"modified":"2025-03-28T14:25:33","modified_gmt":"2025-03-28T18:25:33","slug":"ft-us-debt-burden-to-top-world-war-two-peak-in-coming-years-watchdog-says","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=136000","title":{"rendered":"(FT) US debt burden to top world war two peak in coming years, watchdog says"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The US\u2019s federal debt burden is set to surpass the peak it reached in the wake of the second world war in coming years, Congress\u2019s fiscal watchdog has warned, underscoring growing concerns over America\u2019s public finances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Congressional Budget Office said on Thursday that the US\u2019s debt-to-GDP ratio would reach 107 per cent during the 2029 fiscal year \u2014 exceeding the 1940s era peak \u2014 and continue rising to 156 per cent by 2055. The debt-to-GDP ratio is forecast to be 100 per cent for the 2025 fiscal year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The projections come just days after Moody\u2019s delivered a warning about the sustainability of the US\u2019s fiscal position, with the rating agency saying that President Donald Trump\u2019s trade tariffs could compromise attempts to bring its large federal deficit under control by raising interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMounting debt would slow economic growth, push up interest payments to foreign holders of US debt and pose significant risks to the fiscal and economic outlook; it could also cause lawmakers to feel constrained in their policy choices,\u201d the CBO said on Thursday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.ft.com\/content\/e59ea3cf-e18d-4fc9-bf73-f35046b1cc63\">Read it all<\/a>.<\/p><blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">US debt burden to top second world war peak in coming years, CBO says via <a href=\"https:\/\/twitter.com\/FT?ref_src=twsrc%5Etfw\">@FT<\/a><br> <a href=\"https:\/\/t.co\/SfaV25Dypt\">https:\/\/t.co\/SfaV25Dypt<\/a><\/p>&mdash; Stare Decisis (@MsResJudicata) <a href=\"https:\/\/twitter.com\/MsResJudicata\/status\/1905321120565252226?ref_src=twsrc%5Etfw\">March 27, 2025<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>The US\u2019s federal debt burden is set to surpass the peak it reached in the wake of the second world war in coming years, Congress\u2019s fiscal watchdog has warned, underscoring growing concerns over America\u2019s public finances. The Congressional Budget Office<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=136000\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,209,168,669,584],"tags":[],"class_list":["post-136000","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-americau-s-a","category-ethics-moral-theology","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/136000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136000"}],"version-history":[{"count":5,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/136000\/revisions"}],"predecessor-version":[{"id":136005,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/136000\/revisions\/136005"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}