The CBO has released a new report entitled "The Budget and Economic Outlook: 2026 to 2036". It projects that the Debt Held by the Public will exceed 120% of GDP by 2036. (It is currently at 99.4% as of 9/30/25).
It projects that interest will first exceed $1.5 trillion per year in 2031, and by 2036 it will be $2.1 trillion annually.
The NY Times article about this is here: https://www.nytimes.com/2026/02/11/business/federal-debt-record-levels-budget-office.html . It blames Trump for making the situation worse by enacting income tax cuts and also for cracking down on immigration, which it says will reduce projected tax revenue by $500 billion over the 10 year period.
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