U.S. national debt has exceeded the size of the economy, highlighting mounting fiscal pressures and warnings over long-term economic risks.
The United States national debt has risen above 100% of gross domestic product, crossing a symbolic fiscal threshold for the first time in modern peacetime history. Data as of March 31 showed publicly held debt at $31.265 trillion, compared with GDP of $31.216 trillion, placing the debt-to-GDP ratio at 100.2%.
Analysts said the increase reflects persistent annual deficits of nearly 6% of GDP, with federal spending continuing to outpace revenue. Reports said the government is spending about $1.33 for every dollar it collects, while interest payments now account for a significant share of federal expenditure.
Economists warned there is no single crisis point tied to 100%, but said rising debt could increase borrowing costs, reduce private investment and strain long-term growth. Forecasts suggest the ratio could climb further in the coming decade unless major tax and spending reforms are adopted.