• 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

Jiuzi Holdings Expands Private Placement Financing to $1 Billion

chest

Jiuzi Holdings, Inc. has signed a Memorandum of Understanding with institutional investors to increase its private placement financing to $1 billion, significantly up from $12 million.

user avatarEmily Carter

Canary Capital Submits Updated Staked SEI ETF Prospectus

chest

Canary Capital has submitted an updated pre-effective amendment for the Staked SEI ETF, addressing SEC comments and revising the prospectus to reflect recent developments in the Sei blockchain.

user avatarTomas Novak

Polygon's Early Success Highlights the Importance of Early Investment

chest

Polygon's rise serves as a reminder of the potential gains from early investments in crypto projects.

user avatarKaterina Papadopoulou

XRP and ADA Experience Market Fluctuations

chest

XRP and ADA have both seen declines in their market prices amid increased selling pressure, yet they maintain relevance in the crypto landscape.

user avatarMaya Lundqvist

Coinbase Broadens Availability of SUI Token for New York Residents.

chest

Coinbase has made the SUI token available to New York residents, expanding access in a highly regulated market.

user avatarEmily Carter

Bittensor Halving Expected to Impact Network Economics and Subnet Performance

chest

Bittensor's first halving will significantly transform network economics by reducing TAO token issuance, impacting supply, price dynamics, and reward distribution, while fostering competition among subnets.

user avatarTomas Novak

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.