{"id":20042,"date":"2023-11-10T03:47:09","date_gmt":"2023-11-10T09:47:09","guid":{"rendered":"https:\/\/ustower.net\/?p=20042"},"modified":"2023-11-10T03:47:20","modified_gmt":"2023-11-10T09:47:20","slug":"us-government-debt-projected-to-surpass-50-trillion-by-2033-report","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=20042","title":{"rendered":"US government debt projected to surpass $50 trillion by 2033, report"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">Investors are likely to be concerned about lingering inflation risks and bond defaults for some time, according to Bank of America.&nbsp;<br>The U.S. government&#8217;s debt is projected to pass $50 trillion in a decade, growing $5.2 billion every day, according to an analysis from the Bank of America.&nbsp;<br>&nbsp;The U.S. public debt currently is more than&nbsp;$33.6 trillion&nbsp;and is expected to reach $54 trillion by 2033 amid &#8220;fiscal excess in the 2020s,&#8221;&nbsp;Bank of America investment strategist Michael Hartnett said, according to&nbsp;Business Insider.<br>The surge in the U.S. public debt coincided with a significantly larger federal deficit, which increased in 2023 by $320 billion to $1.7 trillion. In response, the Treasury Department auctioned trillions of dollars in new bonds as interest rates are increasing.<br>While the U.S. government continues heavily borrowing and adding to the debt, investors are likely to be concerned about lingering inflation risks and bond defaults, according to Bank of America.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/justthenews.com\/politics-policy\/finance\/us-government-debt-projected-surpass-50-trillion-2033\">Justthenews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors are likely to be concerned about lingering inflation risks and bond defaults for some time, according to Bank of America.&nbsp;The U.S. government&#8217;s debt is projected to pass $50 trillion in a decade, growing $5.2 billion every day, according to an analysis from the Bank of America.&nbsp;&nbsp;The U.S. public debt currently is more than&nbsp;$33.6 trillion&nbsp;and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[24073,9862,1235,2074,1268,8905,1814,21056],"class_list":["post-20042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-24073","tag-borrowing","tag-debt","tag-economy","tag-government","tag-interest-rates","tag-risk","tag-usa"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/20042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20042"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/20042\/revisions"}],"predecessor-version":[{"id":20044,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/20042\/revisions\/20044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/20043"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}