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  2. The US debt is about to hit $35 trillion. It didn't come up ...

    www.aol.com/finance/us-debt-hit-35-trillion...

    Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That's a debt load ...

  3. 'Extraordinary measures': Treasury Sec. Yellen warns US could ...

    www.aol.com/extraordinary-measures-treasury-sec...

    The current debt limit extension is slated to end on Jan. 1, though the letter said that the debt subject to the limit is projected to decrease by approximately $54 billion on Jan. 2.

  4. How rising US debt could compound into a crisis ... - AOL

    www.aol.com/rising-us-debt-could-compound...

    Publicly held debt is projected to reach 122.4% of GDP by 2034, up from 97.3% last year. Gundlach said that Washington has been plagued by large budget deficits since the 1980s, but these were ...

  5. National debt of the United States - Wikipedia

    en.wikipedia.org/wiki/National_debt_of_the...

    The Congressional Budget Office (CBO) estimated in February 2024 that Federal debt held by the public is projected to rise from 99 percent of GDP in 2024 to 116 percent in 2034, and would continue to grow if current laws generally remained unchanged. Over that period, the growth of interest costs and mandatory spending outpaces the growth of ...

  6. Debt ceiling deadline is extended to June 5, later than ... - AOL

    www.aol.com/finance/deadline-looming-biden...

    Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated. Yellen’s latest letter to legislators on the ...

  7. US debt reckoning escalates sharply as top bond buyer pulls ...

    www.aol.com/finance/us-debt-reckoning-escalates...

    Debt held by the public, or the amount the U.S. owes to outside lenders after borrowing on financial markets, is already at about 100% of GDP, with that ratio soon expected to blow past the all ...

  8. 2023 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2023_United_States_debt...

    The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.

  9. Gross interest payments on US debt topped $1 trillion - AOL

    www.aol.com/news/gross-interest-payments-us-debt...

    The federal government has paid north of $1 trillion in gross interest payments on its debt for fiscal 2024 as the national debt continues to climb. The Treasury Department said in a recent ...