According to data released by the US Treasury Department on the 19th, the total debt of the US federal government has exceeded 40 trillion US dollars. The record high in total US debt has aroused widespread concern and criticism, and the sustainability of US Treasury bonds and how the government responds have become the focus of attention of all parties. Michael Peterson, chairman and CEO of the US Peter Peterson Foundation, issued a statement on this on the 19th saying that it is shocking that US debt has doubled in 10 years, and there is no sign of slowing down. This fiscal path clearly ignores the consequences. Debt growth is expected to accelerate with aging and rising health care costs. If the budget is not reformed, the size of the US debt will reach 50 trillion US dollars in 6 years.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.