The federal government debt is a result of accumulatedbudget deficits. In December 2023, the federal debt passed the $34 trillion mark. This was an increase of over $12 trillion since December 2018. As of July 19, 2024, the national debt is $34.94 trillion.4 Year-End National Debt Levels...
Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government May 31, 2023 Debt ceiling takeaways: Biden’s invite to liberal skeptics to ‘talk to me,’ McCarthy’s balancing act May 30, 2023 Debt ceiling agreement gets thumbs up from business...
The total public debt outstanding climbed to 35 trillion dollars on Friday, according to the newly released Daily Treasury Statement.Just seven months ago, the U.S. national debt surpassed 34 trillion dollars in late December 2023. Three months before that, the United States reached a historic ...
TheU.S. national debtclimbed to $34 trillion for the first time in December 2023, up from about $31.42 trillion one year earlier.1 The debt-to-GDP ratio gives insight into whether the U.S. can cover all its debt. Recessions, defense budget growth, and tax cuts have all caused the na...
submitted their paper to the Cambridge Journal of Economics, which published it in December of 2013 with the same issues documented above.[144] Interest General * In 2022, the interest on the national debt was $775 billion, or more precisely, $774,679,343,619.[145] This amounts to:...
The total public debt outstanding climbed to 35 trillion dollars on Friday, according to the newly released Daily Treasury Statement.Just seven months ago, the U.S. national debt surpassed 34 trillion dollars in late December 2023. Three months before that, the United States reached a historic ...
By Libby PalanzaDecember 30, 20247 News President-elect Donald Trump (R) has endorsed Rep. Mike Johnson (R-La.) to again serve as Speaker of the House for the… News Maine Leaders Pay Tribute to President Jimmy Carter’s Post-Presidency While Ignoring White House Record By Libby Palanz...
million in 2022 due to strength of improved operating results in 2023 coupled with additional capital expenditure discipline. total debt as of december 31, 2023, is $452.2 million with $120.6 million classified as short-term, as compared to $535.1 million and $143.2 million, respectively,...
rates are already significantly affecting the federal budget. This year, payments on the existing debt will total an estimated $870 billion, which is more than the Pentagon’s budget. Thanks to higher interest rates and a larger debt load, debt payments have jumped by 32 percent...
Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.71 trillion in Treasurys as of December 2022. The next largest agency was the Military Retirement Fund at $1.36 trillion. Other large holders of debt include the Offi...