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According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.
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.
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.
Here are a few ways to put the current level of U.S. debt, over $33 trillion, in perspective: It’s 22% higher than the U.S. gross national product as of June 30 (about $27 trillion).
It exceeded $1 trillion again in the first eight months of the current fiscal year and, according to the Congressional Budget Office’s latest forecast, released on June 18, will approach $2 ...
The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share of the debt. As of 2017 [update] , it is installed on the western side of the Bank of America Tower , west of Sixth Avenue between 42nd and 43rd Streets in Manhattan , New York City .
The U.S. government’s gross national debt has surpassed $34 trillion, a new record. But how worried should you be about the country’s borrowing?
The US government’s debt has topped $34 trillion for the first time, just weeks ahead of deadlines for Congress to agree to new federal funding plans. US national debt hits record $34 trillion ...