• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

U.S. Debt Reaches Record Levels: A Sharp Increase of $2 Trillion

user avatar

by Giorgi Kostiuk

a year ago


According to data from the U.S. Department of the Treasury, the American national debt has increased by nearly $2 trillion since the start of the year, now totaling $35.91 trillion.

Rapid Climb in Debt

In January, the debt surpassed the $35 trillion mark, first reached in July. It is now nearing $36 trillion, with only a $90 billion difference.

IMF Issues Critical Warnings

The International Monetary Fund (IMF) has stated that borrowing rates of major economies such as the U.S. and China are unsustainable. The IMF urges the U.S. to ensure fiscal stability and highlights the necessity of serious reforms.

After years of loose fiscal policies, it has become essential to balance debt levels and rebuild financial buffers.

Global Debt Outlook

According to the IMF, global public debt is expected to exceed $100 trillion by the end of 2024. Current projections suggest that by 2030, debt levels could reach 100% of global GDP. The IMF advises the U.S. and China to develop rapid and reliable debt management plans.

Delayed debt adjustments could lead to erratic market interventions, while sudden fiscal regulations could disrupt economic activity. Gradual and reliable multi-year plans are crucial in this process.

The rising debt level in the U.S. and the IMF’s sustainability warnings indicate an urgent need for action in the country’s fiscal policy. Economic stability can be achieved through disciplined financial policies and a solid plan.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

JASMY Chart Shows Signs of Trend Change

chest

The JASMY price chart indicates a potential shift in market behavior, with buyers stepping in earlier and forming a base above previous resistance.

user avatarAyman Ben Youssef

BNY Mellon Introduces Tokenized Deposits for Institutional Investors

chest

BNY Mellon introduces tokenized deposits for institutional investors, allowing them to mirror client deposit balances onchain through its Digital Assets platform.

user avatarTando Nkube

Walmart to Expand Drone Delivery Service Nationwide

chest

Walmart plans to significantly expand its drone delivery service to over 270 locations by 2027.

user avatarKofi Adjeman

Pepeto Offers Zero Fee Swaps to Enhance Retail Trading Strategies

chest

Pepeto's zero fee swaps facilitate easier execution of trading strategies for retail investors, making active management more viable.

user avatarSatoshi Nakamura

Pepeto Streamlines Research for Retail Traders with Verified Infrastructure

chest

Pepeto streamlines research for retail traders by providing verified infrastructure and security audits, enabling confident investment decisions.

user avatarNguyen Van Long

BONK Maintains Community Engagement in Meme Ecosystem

chest

BONK has established a durable presence in the Solana ecosystem through strong community engagement.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.