Bank of America projects US debt will accelerate past $40T imminently and hit $50T within five years amid rising borrowing.
The US national debt is set to exceed $40T in the near term, reflecting rapid fiscal expansion. Bank of America strategists forecast the debt will climb to $50T by 2029, marking a steep increase in government borrowing.
The projection follows a period of elevated deficit spending, with debt levels already at record highs. Comparable growth rates suggest sustained pressure on fiscal policy and long-term interest costs.
Markets have shown limited immediate reaction, though sustained debt growth could weigh on Treasury yields and investor sentiment over time.