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US Debt Exceeds GDP for the First Time in 80 Years
On May 9, statistics showed that by the end of the first quarter, the debt held by the public in the United States reached $31.27 trillion, while the nominal GDP estimate for the past 12 months (from April 2025 to March 2026) was $31.22 trillion. This means that the debt-to-GDP ratio has risen to 100.2%, marking the first time since the end of World War II that this threshold has been breached during a non-emergency period (such as the early stages of a pandemic). The Congressional Budget Office (CBO) predicts that under current trends, by 2030, US debt will rise to 108% of GDP, surpassing the post-World War II record, and will soar to 120% by 2036. (Dongxin News Agency)