#debt-to-gdp News & Analysis

The US is in a league of its own when it comes to its debt burden, as rating agencies bemoan ‘long-running deterioration’ in fiscal governance

US national debt has exceeded the size of the entire economy for the first time, prompting rating agencies to warn of deteriorating fiscal governance. This milestone carries significant implications for borrowing costs across the economy, potentially leading to higher mortgage rates, increased loan expenses, and reduced government spending capacity.