Home Breaking News National debt surpassed $36 trillion – EADaily, November 24, 2024 – Politics...

National debt surpassed $36 trillion – EADaily, November 24, 2024 – Politics News, US News

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National debt surpassed  trillion – EADaily, November 24, 2024 – Politics News, US News

The national debt of the United States has reached a new all-time high and exceeded $36 trillion. This was reported by the United States Department of the Treasury.

According to the report, the US national debt, which stood at $34 trillion in January, will increase by $2 trillion in 2024.

According to the International Monetary Fund, the level of US public debt in 2029 will reach 131.7% of GDP, and by 2032 the ratio of US public debt to GDP will exceed 140%. The fund warned that such growth threatens both the national and global economies.

during the presidency joe biden The US national debt has risen from $28 trillion in 2021 to an unprecedented level of more than $36 trillion this year.

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