The U.S. national debt has exceeded the size of the country’s economy for the first time since World War II, RBC writes with reference to Fox Business News.
The American publication notes that according to the U.S. Bureau of Economic Analysis, the national debt as of March 31 reached $31.27 trillion, while GDP is estimated at $31.22 trillion for the 12-month period.
In early 2026, the independent Congressional Budget Office released a 10-year budget and economic forecast that projects the U.S. will break the postwar record of 108% government debt by 2030. Also, government debt as a share of GDP is projected to reach 120% in 10 years.
The budget situation is exacerbated by the fact that the Congressional Budget Office estimates that government debt will grow faster than GDP, which could have implications for the U.S. fiscal and economic outlook.
Meanwhile, back in March 2026, it was reported that U.S. government debt exceeded $39 trillion for the first time in history and reached 120% of the country’s GDP. As Fox Buisness wrote, the U.S. national debt has been growing over the past decade as the population ages and federal spending on Social Security and Medicare increases.
