National Debt Crosses $13 Trillion Mark
Via Mark Knoller, the Treasury Department announced that as of yesterday, the U.S. national debt has crossed the $13 trillion mark. The exact number is now
Jul 31, 202040.8K Shares2.7M Views
Via Mark Knoller, the Treasury Department announcedthat as of yesterday, the U.S. national debt has crossed the $13 trillion mark. The exact number is now $13,050,826,460,886.97, a record high.
Of course, the $13 trillion mark itself is not meaningful. But Congressional rhetoric around it might be. Though unemployment remains high and the economy is generally weak, the Hill looks more and more concerned with deficits and debt than with adding stimulus to bolster the recovery.
The current U.S. gross domestic product is around$14.6 trillion, making debt 89 percent of GDP, and the current congressionally authorized debt ceiling is $14.3 trillion.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles