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  2. National debt of the United States - Wikipedia

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

    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 ...

  3. History of the United States public debt - Wikipedia

    en.wikipedia.org/wiki/History_of_the_United...

    The Federal Government has over 6:1 debt to revenue ratio as of Q3 2022 Federal, State & Local debt almost $32 trillion in 2021 The history of the United States public debt began with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas , after the country's formation in 1776.

  4. Financial position of the United States - Wikipedia

    en.wikipedia.org/wiki/Financial_position_of_the...

    By 2009 this figure had risen to $7.8 trillion, but the federal government's debt-to-GDP ratio had fallen to 54.75%. [2] In February 2024, the total federal government debt grew to $34.4 trillion after having grown by approximately $1 trillion in both of two separate 100-day periods since the previous June. [24]

  5. Fed Meeting Live Updates: Powell discusses latest rate cut ...

    www.aol.com/finance/november-fed-meeting-live...

    The Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) index: 2.1% (down from 2.5% when the Fed last met) ... along with concerns about rising federal debt.

  6. US national debt hits record $34 trillion as Congress gears ...

    www.aol.com/news/us-national-debt-hits-record...

    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 ...

  7. Opinion - Does the United States need a debt limit? - AOL

    www.aol.com/news/opinion-does-united-states-debt...

    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 ...

  8. List of countries by government debt - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    [1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.

  9. America's national debt is well over $33 trillion — but here ...

    www.aol.com/finance/us-national-debt-sits-33...

    But debt-wise, comparing the federal government to a family of four doesn’t work. That’s because the principles of personal finance don’t apply to how governments spend.

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