US National Debt Hits $39 Trillion: JPMorgan's 5 Scenarios for America's Fiscal Crisis The legacy headline is a dated snapshot, not a live debt reading. This guide separates official Treasury measures, CBO projections, and the five outcomes described in Fortune’s report on David Kelly. ... Debt-to-GDP Ratio Finance JPMorgan Fiscal Crisis US National Debt 2026 30-May-2026 0 398