America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office projects.

Feb. 11 (UPI) --The nation's debt and federal deficit likely will become unsustainable and worsen by trillions of dollars over the next 10 years, the Congressional Budget Office reported on Wednesday.

Explore the history of fiscal deficits in the U.S. from 1789 to now, and understand how early figures like Alexander Hamilton addressed budget shortfalls in the country.