Congressional Budget Office Director Phill Swagel told reporters on Wednesday that the fiscal path the federal government is on is unsustainable, and new spending measures passed under the Biden administration are partly to blame.
The CBO projects in a new report that the national debt will grow from its current approximately $31.5 trillion to $46.4 trillion by 2033 if policies stay the same.
The debt stands at 98 percent of the country’s gross domestic product, but will be at 118 percent by 2033 and 195 percent by 2053.

The only other time in U.S. history that the federal government carried a d …