Wells Fargo Investment Institute warns that US debt trajectory is serious, but not a crisis yet

The US is heading toward a federal debt load that could reach 175% of gross domestic product over the next three decades unless Congress takes corrective action, according to a new special report from the Wells Fargo Investment Institute. But the firm's Global Fixed Income Strategy Team stopped well short of sounding an alarm for investors, arguing instead that the trajectory, while troubling, remains manageable. The report draws on Congressional Budget Office projections and Treasury Department data to paint a detailed picture of the country's fiscal position. The debt-to-GDP ratio is already expected to hit 101% in 2026, matching its...