U.S. debt surpasses $39 trillion for the first time on record

Source

Uk Jin

Summary

It said U.S. federal government debt surpassed $39 trillion for the first time on record.
It noted that since the debt-ceiling increase in July last year, federal debt has risen by about $2 trillion over eight months.
It said the U.S. Congressional Budget Office projected an average annual $2.4 trillion increase in debt over the next 10 years.

Forecast Trend Report by Period

U.S. federal government debt has topped $39 trillion for the first time on record.

On the 21st (Korea time), The Kobeissi Letter said via X (formerly Twitter) that total U.S. federal debt had surpassed $39 trillion.

U.S. federal debt has increased by about $2 trillion over the past eight months. Analysts say the pace of debt accumulation has accelerated further since the debt ceiling was raised in July last year.

The Kobeissi Letter explained, "The scale of total U.S. debt is nearly double compared with 2018. The debt-to-GDP ratio has also risen to about 124%."

There are also forecasts that U.S. debt will continue to increase. The Congressional Budget Office (CBO) has recently projected that U.S. debt will rise by an average of $2.4 trillion per year over the next 10 years.

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

U.S. debt surpasses $39 trillion for the first time on record

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