00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. national debt has surpassed 100% of GDP and is approaching the record set
00:09after World War II, according to the Wall Street Journal.
00:12As of March 31st, publicly held U.S. debt reached $31.265 trillion against $31.216 trillion in GDP,
00:22pushing the ratio to 100.2% and expected to rise as deficits near 6% of GDP.
00:27The government is spending $1.33 for every $1 collected and projects a $1.9 trillion deficit this year.
00:35Interest costs now account for $1 in $7 of federal spending and higher rates increase borrowing costs.
00:42The ratio may fluctuate in the coming quarters as tax receipts, tariff refunds, and changes in GDP affect the total.
00:49Economists warn that rising debt may lift interest rates, reduce investment, and strain long-term economic stability.
00:56For all things money, visit Benzinga.com.
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