CBO: U.S. Debt to Hit $64 Trillion by 2036 Amid BRICS Exit

The Congressional Budget Office published a stark US debt prediction in February 2026, projecting unsustainable fiscal growth. According to the nonpartisan report, gross national debt will reach $64 trillion within a decade, with a current deficit of $1.9 trillion climbing to $3.1 trillion by 2036. Consequently, the federal government will borrow an additional $26 trillion between now and 2036. The debt-to-GDP ratio is projected to rise from 101% to 120%, surpassing the postwar record from 1946.

CBO Director Phillip Swagel stated the fiscal trajectory is not sustainable, citing tax provisions and spending increases. The Republican-backed reconciliation act adds $4.7 trillion to the ten-year debt projection through 2035. Meanwhile, BRICS nations see opportunity in these worsening forecasts and are accelerating their dollar exit. China, India, and Brazil collectively shed $144.6 billion in US Treasuries over the past year, with China alone cutting holdings by $75.5 billion.

Each new CBO warning reinforces the bloc’s central argument against the dollar’s reliability. ING warned in December 2025 that BRICS nations are “quietly leaving the Treasury market.” Consequently, every updated US debt projection makes the dollar exit easier to justify for these nations. The CBO data shows interest payments will cross $1 trillion in 2026 and reach $2.1 trillion by 2036, exceeding defense spending.

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