✉news BusinessEconomy first seen 9 h ago, last 47 min ago, peak #18
US federal debt exceeds the size of the economy
Original: Federal debt surpasses size of economy for first time since World War II
US federal debt has surpassed the size of the American economy for the first time since World War II, according to reporting by The Washington Post. The milestone means the national debt now exceeds annual gross domestic product, renewing debate in Washington over deficit spending, borrowing costs and long-term fiscal sustainability.
Why now: A historic fiscal milestone, unmatched since World War II, naturally draws attention and renews arguments over government debt.
United StatesFederal debtThe Washington Post
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- Federal debt surpasses size of economy for first time since World War II · The Washington Post
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