The U.S. Debt Tops a Record-Shattering $40 Trillion. Yes, with a T.
Treasury data show borrowing reached $39.9 trillion, while the 30-year Treasury yield hit its highest level in nearly two decades.
- On Tuesday, the United States national debt officially crossed $40 trillion, a milestone that arrived as long-term Treasury yields climbed to their highest levels in more than two decades.
- The acceleration follows a drop in federal revenue after the Supreme Court struck down President Donald Trump's "Liberation Day" tariffs, eliminating an estimated $250 billion in anticipated revenue.
- Interest expense on the national debt hit a record $1.4 trillion over the past 12 months, while the 30-year bond auction stopped at 5.216%, a 25-year peak.
- Washington faces another politically explosive debt ceiling fight as Congress raised the legal limit to $41.1 trillion last year, with Treasury potentially relying on "extraordinary measures" to delay the X-date.
- Projections suggest the national debt could balloon to between 154% and 180% of gross domestic product by 2036, prompting Committee for a Responsible Federal Budget President Maya MacGuineas to urge lawmakers to reduce annual deficits to 3% of GDP.
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Gross indebtedness already accounts for 124% of GDP when the 30-year bond tops in two decades
Radio-Canada
U.S. government debt has exceeded the symbolic $40 trillion mark for the first time, according to the Treasury Department.
The U.S. public debt for the first time in its history exceeded US$40 billion, as shown by the data issued on Wednesday by the Treasury Department. As shown by its daily publication – the so-called “Debt to the Penny” or “Debt to the Penny”. The milestone was reached just five months after the ... Continue reading “New computation: US public debt exceeds US$40 trillion for the first time” The post New computation: US public debt exceeds US$40 tr…
National debt marks new milestone
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story National debt marks new milestone The U.S. national debt crossed $40 trillion on Tuesday, according to newly released data from the Treasury Department. © AP Photo/Mary Altaffer It marks a key milestone for the U.S.,...
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