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It’s six times the U.S. debt figure in 2000 ($5.6 trillion). Paid back interest-free at the rate of $1 million an hour, $33 trillion would take more than 3,750 years.
The U.S. national debt is nearing $33 trillion, but Janet Yellen isn’t worried just yet. ... with non-housing debt hitting an all-time high $4.7 trillion, and the U.S. debt to GDP ratio was 120%
Intragovernmental debt accounts for about $6.8 trillion of the national debt, the CRFB reported in September when the debt crossed the $33 trillion mark. The much bigger piece of the debt is held ...
Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. [9] As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt. [10]
After weeks of debates and delays, the U.S. Senate passed bipartisan legislation to lift the federal debt ceiling just days before the June 5 deadline set by the Treasury Department. Though...
The Treasury minting a trillion-dollar coin with its authority under 31 U.S.C. Section 5112, depositing it at the Federal Reserve, and drawing it down to pay the government's bills. The Treasury issuing premium bonds rather than par bonds as Treasury debt comes due, lowering the face amount of debt outstanding and subject to the debt limit.
In 2019, I complained that our debt increased by a trillion dollars every year. But now, it's three trillion! In 2023, the ratings agency Fitch was criticized for downgrading U.S. government debt ...
For the first time in history, the U.S. national debt hit $33 trillion in September, per the U.S. Department of the Treasury. ... 5 Dollar Tree Items Frugal People Always Buy.