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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]
The United States’s debt limit permits the federal government to spend money it does not have to pay its bills. The debt limit was suspended in mid-2023 through Dec. 31, 2024, allowing the ...
As of the end of 2023, Americans had racked up an all-time record of $1.13 trillion in credit card debt. Total debt levels reached $17.503 trillion, or $104,215 per household. Part of this was due ...
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.
Articles relating to the national debt of the United States, the total national debt owed by the federal government of the United States to Treasury security holders. The national debt at any point in time is the face value of the then outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.
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.
From March 1, 2020, through the end of 2020, there were 522,368 excess deaths in the United States, or 22.9% more deaths than would have been expected in that time period. [ 5 ] In February 2020, at the beginning of the pandemic, a shortage of tests made it impossible to confirm all possible COVID-19 cases [ 6 ] and resulting deaths, so the ...