the government budget deficit in 2024 will be $1.6 trillion.

A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The government budget deficit in 2024 will be $1.4 trillion according to the CBO, and the Fed has been running down its balance sheet by $60 billion per month.

The bottom line is that someone will need to buy more than $10 trillion in US government bonds in 2024. That is more than one-third of US government debt outstanding. And more than one-third of US GDP.

The government budget deficit in 2024 is projected to be $1.6 trillion according to the Congressional Budget Office.

Poster Comment:

I expect a crash so these numbers are low estimates.