President Trump's eventful first days in office have been marked by a flow of executive orders, media spats, drawn-out confirmation hearings on Capitol Hill, and the Mexican president's abrupt cancellation of a visit to Washington.

Buried in the events was a report from the Congressional Budget Office showing Trump has begun his first term with a higher debt-to-GDP ratio than any president since Harry Truman. Worse, the CBO expects the country's debt burden to grow, and fast.

The $14.2 trillion in debt at the end of 2016, which represents 77 percent of GDP, is projected to be $24.9 trillion by the end of 2027, or 89 percent of expected GDP, the CBO said in its assessment.

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