America’s budget deficit is ballooning—and it’s raising red flags across the financial world. Independent forecasts, including from Yale and the CBO, say President Trump’s budget plan could add trillions to the national debt in the next decade.
The deficit is now over 6% of GDP, its highest level outside of wartime or crisis. CNBC’s special report, America’s Deficit Reckoning, explores how this rising debt could impact markets, the economy, and U.S. global power.
Experts warn that rising interest payments, inflation risks, and reduced fiscal flexibility could create lasting damage—especially for future generations.