US government debt reaches new milestone ...News

Russia Today - Economy
US government debt reaches new milestone
source : Russia Today ( News ) () 26
Washington’s borrowings have reached $34 trillion for the first time, up by over $6 trillion since President Joe Biden took office US government debt has breached an unflattering milestone, topping $34 trillion for the first time in history and more than doubling the total of the world’s next-biggest borrower, China. The US Treasury Department disclosed the new debt total on Tuesday, saying it exceeded the $34 trillion mark by nearly $1.5 billion as of December 29, the last business day of 2023. Borrowings increased by $90 billion from the previous day. Washington’s public debt now amounts to about $102,000 for ev

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