U.S. Debt Burden Rises $1 Trillion Every 100 Days

  • Washington, United States of America
  • 4 March 2024
1

Data from the US Treasury Department showed that the US debt burden has been growing at a faster pace in recent months, increasing by about $1 trillion every 100 days.

According to the data, the US national debt exceeded $ 34 trillion in January 2024, after reaching $ 33 trillion on September 15, 2023, and $ 32 trillion on June 15 of the same year. Before that, the $31 trillion increase from $31 trillion took nearly eight months, clearly showing the acceleration of the debt mountain's growth. Bank of America expects the 100-day pattern to continue with a move to the new $35 trillion barrier.

Source (Al Khaleej Emirati Newspaper, Edited)

 

Related News