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US Debt to Surge to $56 Trillion in 10 Years: CBO

US Debt to Surge to $56 Trillion in 10 Years: CBO

The US debt is on track to soar 64% by the end of the decade, according to estimates from the Congressional Budget Office.
Douglas Rissing/Getty Images

  • The national debt will keep soaring over the next 10 years, according to the CBO.
  • The agency estimates the national debt will rise to $56 trillion by 2034.
  • The national deficit, meanwhile, is set to hit $1.9 trillion by the end of this fiscal year.

The US’s $34…

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