Sunday, December 15, 2024

Tag: US national debt passes new landmark

US national debt passes new landmark

from RT:

US national debt has hit a record high of $33 trillion, according to a daily report detailing the nation’s balance sheet published by the Treasury Department on Monday.

The real-time US debt clock website has put the actual debt level at $33.04 trillion, and the debt to GDP ratio at 122.4%.

Commenting on the reading, Treasury Secretary Janet Yellen claimed that interest costs on the current debt are manageable. Nevertheless, she urged policymakers to act swiftly.