What is, and isn't, worrying about 100% debt to GDP

Data: Bureau of Economic Analysis and Treasury Department; Chart: Neil Irwin/Axios The United States has crossed a symbolic milestone: The national debt is now larger than its gross domestic product. But it's not the level of that ratio that is alarming — it's the trajectory. The big picture: There's nothing inherently unsustainable about a 100% debt-to-GDP level. What matters is why it got that high, the prospects for future borrowing, and the forecast for growth and borrowing costs. Across tho

More from Axios

TikTok's BookTok is turning pages into streaming gold

Axios·1

Where new grads are finding jobs

Axios·5

Iran ceasefire in peril as UAE says it's under attack

Axios·5

U.S. and Iran exchange fire in strait as U.S. attempts to open shipping lane

Axios·7

"He wants action": Trump's frustration with Iran stalemate sparked Hormuz gambit

Axios·6

AI godfather Yann LeCun's advice on college, work and breaking through AI hype

Axios·8