High interest rates could balloon the national debt
Keeps playing with the screen off. The episode is played from Marketplaceβs own podcast host.
What happens to government debt, the budget deficit, and the overall economy if interest rates stay elevated? For a new report, the Congressional Budget Office crunched the numbers. By 2056, public debt would grow to an eye-popping 222% of GDP. Plus: Trump administration cuts decimated soil conservation programs, a new report highlights the impact of private equity investments on climate risk, and an uneventful Trump-Xi summit ends with a promise of more talks to come.
Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.
Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org β and consider making an investment in our future.
Read the stories in todayβs episode:
Check this story
Ask the guide
The guide explains what to check and where. It cannot see this article or recent news.
Is this AI-made?
AI checkers give a likelihood, not proof.