The debt of the US government at the end of the fiscal year that ended on September 30 reached 100% of GDP for the first time since 1946, writes the Wall Street Journal. The annual US budget deficit was about $2 trillion, or 6.2% of GDP, continuing an atypical trend of large-scale borrowing outside of times of war, recession and emergency.

The debt of the US government at the end of the fiscal year that ended on September 30 reached 100% of GDP for the first time since 1946, writes the Wall Street Journal. The annual US budget deficit was about $2 trillion, or 6.2% of GDP, continuing an atypical trend of large-scale borrowing outside of times of war, recession and emergency.