Published 09/18/2023 9:35:52 p.m.

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?

0 Articles

All

Left

Center

Right

New York Post

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.

09/19/2023 3:28:10 p.m.·New York, United States

Read Full Article

TASS [🇷🇺-affiliated]

US national debt surpasses $33 trillion for the first time

This is a record-breaking figure for the US public debt

09/18/2023 11:15:06 p.m.·Moscow, Russian Federation

Read Full Article

RIA Novosti [🇷🇺-affiliated]

The US national debt exceeded $33 trillion for the first time

The US national debt has reached another record, exceeding $33 trillion, according to information on the website of the country's Ministry of Finance. RIA Novosti, September 19, 2023

09/18/2023 8:58:00 p.m.·Russian Federation

Read Full Article

Akşam

A first in US history: Debt exceeds $33 trillion

The US Treasury Department reports that the national debt has risen above $33 trillion for the first time.

09/19/2023 3:31:11 a.m.

Read Full Article

Fortune

Why Janet Yellen isn't worried about the $33 trillion national debt

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

09/18/2023 8:52:44 p.m.·New York, United States

Read Full Article

CGTN

U.S. national debt tops $33 trillion for first time: NYT

America's gross national debt exceeded $33 trillion for the first time on Monday, the New York Times reported.The U.S. Treasury Department noted the milestone in its daily report detailing the nation's balance sheet. It came as Congress appeared to be

09/18/2023 9:35:52 p.m.·Beijing, China

Read Full Article

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