US national debt reaches a record $37T, the Treasury Department reports

Comments (7)

bradhe · 1h ago

Reported. It'll be amended soon after the statisticians get fired and yes-men get put in.

tencentshill · 55m ago

Current treasury head is Scott Bessent, previously of Soros Fund Management and Key Square Group. He's far too qualified to be part of this administration. Expect him gone soon.

duxup · 2h ago

I'm mildly surprised they were allowed to report this.

Terr_ · 59m ago

For the visually-inclined, a graph of debt as a proportion of GDP [0]: https://fred.stlouisfed.org/series/GFDGDPA188S

Of course, this doesn't show projections for what the future debt will become after the Republican's "BBB" package from a few months ago.

[0] Yes, I know GDP is a flawed measure, but as long as its flaws are consistent over the years it is useful for scaling.

toomuchtodo · 2h ago

https://usafacts.org/government-spending/

scottiebarnes · 1h ago

On my reading list: Principles For Navigating Big Debt Crises by Ray Dalio

mdhb · 53m ago

Just in time for captain genius, leader of the financially responsible party to decide that his primary goal is to make sure corporations and billionaires pay less tax. I’m sure that will go just fine.

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US national debt reaches a record $37T, the Treasury Department reports

Comments (7)