$20,180,000,000,000 Surge in US National Debt Incoming, Says CBO, As Billionaire Paul Tudor Jones Warns ‘Debt Bomb’ is Ticking

$20,180,000,000,000 Surge in US National Debt Incoming, Says CBO, As Billionaire Paul Tudor Jones Warns ‘Debt Bomb’ is Ticking


The Congressional Budget Office (CBO) is projecting that the US national debt will shatter the $50 trillion mark in the next decade.

In a new report, the agency that provides financial and economic data to the US Congress says it expects the country’s national debt to reach $54.4 trillion by the end of 2034.

According to the US Treasury Department, the national debt currently stands at $34.22 trillion. The CBO’s projection suggests an increase of $20.180 trillion in just 10 years.

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The CBO’s latest forecast comes as hedge fund billionaire Paul Tudor Jones warns the US is approaching a “debt bomb” explosion.

In a CNBC interview, the legendary investor reportedly says that while the US economy appears to be working like a well-oiled machine, it

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