fromFortune
1 hour agoTrump's loss of $1.7 trillion in tariff revenue will send the national debt to $58 trillion by 2036, think tank projects | Fortune
Without that revenue, CRFB projects the national debt will climb to 125% of GDP-or roughly $58 trillion-by fiscal year 2036, compared to a baseline projection of $56 trillion, or 120% of GDP, that assumed the IEEPA tariffs would remain in force. Deficits in that scenario will rise to 7.1% of GDP, or $3.3 trillion.
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