The U.S. Congressional Budget Office has kept its forecast for the country’s national debt to rise to a record 166% of GDP by the end of 2054. The U.S. national debt will increase from 99% of GDP in 2024 to 166% of GDP in 2054. …
The US national debt exceeded $34 trillion. Over the year, the national debt increased by $4 trillion. By the beginning of next January, the US national debt will reach the ceiling again. It was shifted to avoid default in the summer of 2023.
The U.S. national debt hit a new milestone, topping $33 trillion for the first time, according to data published by the U.S. Treasury Department Monday. …
The U.S. national debt topped $32 trillion for the first time ever this week, according to Treasury Department data released on Friday. The debt milestone comes two weeks after U.S. President Joe Biden signed legislation …
The US government has hit its borrowing limit
U.S. Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday. After that, the Treasury Department this month will begin “taking certain extraordinary …
The U.S. national debt topped $30 trillion, the highest it's ever been, according to Treasury Department data. National debt grew significantly during the COVID-19 pandemic, increasing by $7 trillion since the end of 2019. …
U.S. President Joe Biden on Thursday signed the bill raising the debt ceiling by $2.5 billion, narrowly averting what could have been a largely self-imposed economic disaster for the country. “This bill will reassure all the …
The House of Representatives on Tuesday approved legislation to raise the U.S. debt limit, the final legislative hurdle to averting a first-ever national default that was otherwise expected to occur next week. The bill, passed by the …
The U.S. national debt for the first time ever crossed the $22 trillion mark, Treasury Department data revealed, noting that the latest figure represents a jump of more than $30 billion from where the balance stood at the beginning of …
Turkey dropped off the U.S. government’s list of major owners of Treasury debt, according to a Treasury Department report released Wednesday. Turkey’s holdings of bonds, bills and notes have fallen 42% in the first …
The United States national debt exceeded $21 trillion for the first time, a little more than six months after it hit first $20 trillion on September 8, 2017. The national debt was $21.031 trillion on Thursday. The government releases …
But China and Japan both own a bigger part of US debt
The US Treasury Department released a breakdown of Saudi Arabia’s holdings of US debt, ending a longstanding policy of keeping the figures secret. The stockpile of the world’s biggest oil exporter stood at $116.8 …
The US national debt hit $19 trillion last week, according to the latest figures released by the US Treasury Department. $13.7 trillion is debt held by private investors and the rest is internal government borrowing, the Washington …
