The U.S. government’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.
The U.S. public debt currently is more than $33.6 trillion and is expected to reach $54 trillion by 2033 amid “fiscal excess in the 2020s,” Bank of America investment strategist Michael Hartnett said, according to Business Insider.
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