US National Debt Escalating to the Danger Zone, the Dollar Gets Weaker

The US national debt is projected to reach "unprecedented" levels in the decades ahead.

This is according to the non-partisan Congressional Budget Office (CBO), under what it calls its "most likely" outlook.
 
The agency predicts the government's debt will reach 144 percent of the total economy – the gross domestic product – by 2049. That would be the highest level ever.

Visit USADebtClock.com to learn more!

Those estimates are actually lower than they were last year. But the CBO warns that the growing debt poses "substantial risks" for the US.

Meanwhile, most investors have been watching the stock market as it flirts with new records.

But the price of gold has also been moving up, with some experts saying the yellow metal is in a new bull market.

Gold is now above $1,400 – its highest level since 2013.

Some analysts say international tensions with Iran have been a factor as investors look to gold for safety.

Others say the dollar is getting weaker, which also helps gold.

Some now believe gold could go as high as $1,700 in the months ahead.