Published 2 years ago • loading... • Updated 2 years ago

US national debt hits $33T for first time in history

Janet Yellen, the Treasury Secretary, is not yet concerned about the U.S. National debt, which stands at nearly $33 trillion, as she believes that the interest payments on the debt are under control and represented 1.86% of GDP in 2022.
Despite warnings from the Congressional Budget Office about the potential impact of the mounting national debt, Yellen remains optimistic about the economy and the labor market, stating that consumer spending is robust and she doesn't see any signs of an economic downturn.
While Yellen acknowledged the need to keep deficits under control to prevent the national debt from becoming an issue, she expressed hope for a resolution to the United Auto Workers' strike and emphasized the strength of the economy and industrial production.

Insights by Ground AI

Does this summary seem wrong?

20 Articles

All

Left

Center

Right

New York Post

Lean Right

US national debt hits $33 trillion mark for first time ever

America's national debt soared past the $33 trillion threshold for the first time ever, according to the Treasury Department.

2 years ago·New York, United States

Read Full Article

The Center Square

Lean Right

National debt surpasses $33 trillion

(The Center Square) – The U.S. gross national debt surpassed $33 trillion, a troubling benchmark as lawmakers show little interest in reining in spending, let alone a balanced budget.

2 years ago·United States

Read Full Article

Scripps News

Center

US national debt surpasses $33 trillion for first time

The grim milestone comes as Congress debates a new spending plan to avert the looming government shutdown.

2 years ago·Atlanta, United States

Read Full Article

The Post Millennial

Right

US national debt surpasses $33 TRILLION

Treasury Secretary Janet Yellen said she was "not really concerned about the impact" the Biden administration's spending programs were having on the national debt.

2 years ago·Toronto, Canada

Read Full Article

InfoWars

Far Right

Yellen Says US on ‘Sustainable Course’ as National Debt Hits $33 Trillion

Treasury Secretary 'comfortable with the current state of the federal budget'

2 years ago·United States

Read Full Article

Zero Hedge

Right

US Debt Rises Above $33 Trillion For The First Time, Soars By $1 Trillion In 3 Months

US Debt Rises Above $33 Trillion For The First Time, Soars By $1 Trillion In 3 Months On Sept 6, when looking at the latest daily debt numbers, we predicted that total US debt would hit the very special (at least for Masons) number of 33 in two weeks. Early by 2 days. https://t.co/HZ9INBIFRf — zerohedge (@zerohedge) September 18, 2023 We were off by 2 days, with the US treasury naturally obliging by hitting the number early rather than late. To…

2 years ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year