• 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

10 months 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

RLUSD Stablecoin Partnership Powers Institutional Crypto Yield With XRP Ledger

chest

A partnership between DBS Digital Exchange, Franklin Templeton, and Ripple has created the first tokenized money market fund repo trading system on the XRP Ledger, delivering institutional crypto yield solutions for accredited investors.

David Robinson

XRP's Real-World Applications Boost Growth Potential

chest

XRP is experiencing significant growth potential due to its real-world applications in banking and remittances.

Andrew Smith

Cboe to Launch 10-Year Bitcoin and Ethereum Futures

chest

Cboe plans to introduce 10-year Bitcoin and Ethereum futures, enhancing US-regulated access to crypto derivatives.

Jacob Williams

Jerome Powell Highlights Job Market Struggles for Gen Z

chest

Jerome Powell highlights the struggles Gen Z faces in the job market, citing rising unemployment and a challenging hiring environment.

Zainab Kamara

US Job Market Faces Challenges Amid Rising Unemployment

chest

The US job market is facing significant challenges, with 7.4 million unemployed individuals and only 7.2 million job openings, raising concerns about future job opportunities, especially for younger generations.

Son Min-ho

Avalanche and Hyperliquid Lead Altcoin Rally Following Fed Rate Cut

chest

Avalanche (AVAX) and Hyperliquid (HYPE) led a significant rally in altcoins following the Federal Reserve's quarter-point rate cut, with AVAX rising 101% and HYPE jumping 72%.

Ayman Ben Youssef

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.