Trump and Harris face scrutiny over rising U.S. debt ahead of election

As the U.S. election approaches, both Donald Trump and Kamala Harris are expected to increase the national debt significantly if elected. Current U.S. debt is nearly $26 trillion, or 99% of GDP, and projections indicate it could rise to 125% of GDP in the next decade. The Committee for a Responsible Federal Budget estimates Harris' plans could add $3.5 trillion to the debt, while Trump's could add $7.5 trillion. Both candidates' tax proposals are major contributors to these increases, with Harris focusing on taxing corporations and the wealthy, and Trump proposing to extend tax cuts for higher earners. The analysis shows that Trump's policies may disproportionately benefit the wealthy, while Harris' approach aims to support lower-income groups. However, both candidates claim their plans will not worsen the debt situation, despite the projected increases in deficits and interest costs.