Economist warns US faces recession risk with record $39T debt

MSN
2026.05.14 10:05
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The US faces recession risks as gross national debt reaches a record $39 trillion, surpassing annual GDP. Interest costs now exceed Medicare and Medicaid spending. Sticky inflation and heavy borrowing limit traditional recession-fighting measures, raising concerns about economic resilience. The CBO projects that by 2036, nearly a third of tax revenue could be allocated to debt interest, reducing funds for current services.