President Trump's eventful first days in office have been marked by a flow of executive orders, media spats, drawn-out confirmation hearings on Capitol Hill, and the Mexican president's abrupt cancellation of a visit to Washington.
Buried in the events was a report from the Congressional Budget Office showing Trump has begun his first term with a higher debt-to-GDP ratio than any president since Harry Truman. Worse, the CBO expects the country's debt burden to grow, and fast.
The $14.2 trillion in debt at the end of 2016, which represents 77 percent of GDP, is projected to be $24.9 trillion by the end of 2027, or 89 percent of expected GDP, the CBO said in its assessment.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
