National debt 'will hit £4tn by 2033' in borrowing binge
Official data last week showed government debt is just below £3trillion - a milestone it looks set to hit in the coming months - having been £350bn at the turn of the century.
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Official data last week showed government debt is just below £3trillion - a milestone it looks set to hit in the coming months - having been £350bn at the turn of the century.
US sovereign debt currently stands at nearly $40.4 trillion
The rate of debt growth averages around $7.35 billion a day, a JEC report adds, or $306.4 million per hour—$5.11 million per minute.
The U.S. national debt surpassed $40 trillion, nearly $300,000 per household, as the debt-to-GDP ratio hits 124% with few solutions in sight.
America's national debt has surpassed $40 trillion, burdening every citizen with roughly $117,000 in debt as interest costs reach $1 trillion a year.
U.S. government debt now tops $113,000 per person and has doubled in a decade. See where debt burdens are highest across the OECD.
The Congressional Budget Office expects this already massive figure to expand to $64 trillion by 2036.
Over $160 trillion in debt securities were on the market in 2025. Over half were found in just the U.S. and European Union.
The U.S. national debt has exceeded $40 trillion. Nearly a fifth of this debt is held by just 20 countries.
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