The Digester

Economist Peter Schiff says rising rates, war costs and persistent producer inflation could push the official U.S. debt above $50 trillion, even as experts warn hidden liabilities may make the fiscal picture far worse.

U.S. national debt has surpassed $39 trillion and rose about $2.8 trillion since Trump took office 14 months ago.
Peter Schiff warned the debt could exceed $50 trillion before the end of President Trump's term if current trends continue.
Producer Price Index rose 0.7% month over month in February and 3.4% year over year, with core PPI at 3.9%.
Rising interest rates, increased defense spending and larger budget deficits are cited as factors that could accelerate debt growth.
Economist Kent Smetters says including implicit liabilities like Social Security and Medicare would push U.S. obligations near 300% of GDP.
Evercore founder Roger Altman warned that failure to reach a diplomatic solution in the Middle East could trigger a market reset.

Peter Schiff warns US debt could top $50 trillion under Trump

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