US Debt On Track to Increase, by $5.2 Billion Per Day , for the Next Decade.br Insider reports that the United States government br is on track to exceed $50 trillion in debt by 2033, br according to a November 7 note from Bank of America.br Bank of America cited data from br the Congressional Budget Office. .br Currently, U.S. public debt br is standing at $33.6 trillion.br According to Bank of America's investment strategist, br Michael Hartnett, "fiscal excess in the 2020s" will cause br the debt to surge by $20 trillion within the next decade.br According to Bank of America's investment strategist, br Michael Hartnett, "fiscal excess in the 2020s" will cause br the debt to surge by $20 trillion within the next decade.br U.S. public debt is... more than br the combined GDPs of China, br Japan, Germany and India, Michael Hartnett, Bank of America br investment strategist, via Insider.br Insider reports that Hartnett added br that U.S. outstanding debt is set to increase br by $5.2 billion every day for the next decade.br That's about $218 million br in new debt every hour. .br The Treasury Department has already had to auction br off trillions in fresh bonds after the federal deficit br jumped $320 billion to reach $1.7 trillion in 2023.br In October, estimated annualized debt br interest payments exceeded $1 trillion. .br Likely central banks may simply br bail out governments in coming br years via quantitative easing and br the introduction of yield curve br control (policies that wouldbr be U.S. dollar negative), Michael Hartnett, Bank of America br investment strategist, via Insider.br Likely central banks may simply br bail out governments in coming br years via quantitative easing and br the introduction of yield curve br control (policies that wouldbr be U.S.