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The national debt was up to $80,885 per person as of 2020. [153] The national debt equated to $59,143 per person U.S. population, or $159,759 per member of the U.S. working taxpayers, back in March 2016. [154] In 2008, $242 billion was spent on interest payments servicing the debt, out of a total tax revenue of $2.5 trillion, or 9.6%. Including ...
The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
The national debt is the total amount of money the U.S. owes its creditors, which includes “the public” (individual investors, businesses, commercial banks, pension funds, mutual funds, state ...
America’s gross national debt hit an eye-watering $33 trillion for the first time in September — and in fact is currently closer to the $34 trillion mark.. In response, the U.S. is now ...
The federal government's gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America's balance sheet in the ...
That figure, also known as the national debt, is the total amount of outstanding borrowing by the US federal government accumulated over the nation’s history. ... USA TODAY. Watch the emotional ...
At $33 trillion and counting — actually, it's presently above $33.75 trillion — America’s national debt is astonishingly high. But government deficits don’t exactly work like household ...
Interest expenses for the debt are now $1 trillion a year and are among the biggest budget items, even exceeding defense spending. Given the trajectory of U.S. debt, Pimco highlighted three ...