US Debt Projected to Hit Record Highs, Raising Concerns of Potential Crisis

The US's debt-to-GDP ratio is expected to hit a record high of 107% by 2029 according to projections.

The country cannot rely on economic growth alone to resolve its rising debt problems, researchers say.

Higher interest rates mean the cost of servicing US debt will likely be unsustainable soon.

In contrast to post-WW2, current conditions like high inflation make it unlikely the debt will be reduced like before.

Failed Treasury auctions are a risk if there are insufficient buyers, potentially forcing the Fed to step in and buy securities.