Total US Debt Has Jumped To $35.7 Trillion, Stressing The US Dollar
The US debt scenario seems to be inflating with each passing second. The debt statistics have ballooned like any other metric recently, adding significant stress to the already overloaded US dollar. Also Read: US Stock: Warren Buffett Is Dumping Apple For This Precious Oil Stock The US Debt Stats Now Stand At $37.5T Image Source: Watcher Guru As per a recent post by the Kobeissi Letter on X, the US debt stats have again ballooned to a new level. The US public debt has now reached a staggering $35.7 trillion mark. Over the last three days, the debt has surged by a noticeable $345 billion, adding more pressure on the US economy. The post later adds how, since June 2023, federal debt has surged by nearly $4 trillion, or by 14% statistically. At the same time, the portal draws attention to the nation’s current GDP stats, which stand at $1.5 trillion, or -6%. This roughly explains the complex relationship, adding that the US economic growth is considerably slower than the pace at which the ...