nygazet.com logo
The U.S. debt now exceeds the country's GDP. Should we worry?
business

The U.S. debt now exceeds the country's GDP. Should we worry?

1 min read

Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.

America's national debt has surpassed the country's gross domestic product for the first time since World War II, marking a stark increase in the government's fiscal burden. Debt held by the public stood at $31.27 trillion at the end of April, edging... [5333 chars]

Read Original Article

Source: CBS News

Visit Source

Share this article