What The Presidential Election Might Mean for Interest Rates
South State Correspondent
JULY 29, 2024
Regardless of who wins, our national debt will continue to increase, and community banks should be prepared for its consequences. In short, CBO projects that in 2029 the US debt, as a percentage of GDP, will exceed its previous high (from WWII), and will sour to 166% of GDP in 2054, and continue to increase thereafter.
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