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With U.S. debt now at $35.3 trillion, the cost of paying the interest on all that borrowing has soared recently and now averages out to $3 billion a day, according to Apollo Global Management’s ...
The United States has the largest external debt in the world. The total number of U.S. Treasury securities held by foreign entities in December 2021 was $7.7 trillion, up from $7.1 trillion in December 2020. [8] Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. [9]
Foreign holdings of US assets are concentrated in debt. Americans own more foreign equity and foreign direct investment than foreigners own in the United States, but foreigners hold nearly four times as much US debt as Americans hold in foreign debt. Of all US debt, 15.2% is owed to foreigners. [13]
"By 2034 debt service at 6% rates would consume 45% of all tax revenue; at 9% rates it would eat up 83%. The budget deficit would balloon from 6% of GDP to 11% or 18%, respectively," Gundlach ...
According to the New York Fed, total household debt rose by $212 billion to $17.5 trillion in the fourth quarter of 2023. As borrowing increased, so, too, did delinquencies -- but according to Dave...
The following list sorts sovereign states and dependent territories and by the total number of deaths. Figures are from the 2024 revision of the United Nations World Population Prospects report, for the calendar year 2023.
In total, the national debt has ballooned by more than 70% over the last 7.5 years, fueled by a flood of new spending as well as these obligations stretching back decades.
In fact, you’d have to go back to 1837 to find the last time the United States was debt-free. Texas was still an independent republic and only 26 states existed. So how big is the debt, really?