How did the most powerful country on earth become a banana republic? https://t.co/gRd0YVWCkh
— QE Infinity (@StealthQE4) February 12, 2026
US debt projected to reach $64 trillion in a decade, nonpartisan group says
The United States’ national debt is set to balloon to $64 trillion over the next 10 years, the nonpartisan Congressional Budget Office (CBO) said on Wednesday, citing a jump in annual deficits that owes in part to tax cuts enacted by President Donald Trump.
The federal deficit — the annual gap between government spending and revenue — is expected to rise from $1.9 trillion in fiscal year 2026 to $3.1 trillion in 2036, the CBO found in its 164-page report. Forecasted revenue losses caused by Trump’s signature tax cut will more than offset $3 trillion in funds to be generated by newly imposed tariffs, the CBO said.
Ugly auction:
10Y high yield 4.177% WI 4.163%, 1.4bps tail. Biggest tail since Aug 2024
— zerohedge (@zerohedge) February 11, 2026