BREAKING: Total US public debt hits a record $36.17 TRILLION, up $1 trillion over the last 105 days.
US federal debt has risen by an average of $9.5 billion per day over the last 105 days.
At the current pace, total US debt would hit $40 trillion for the first time in history by February 2026.
Furthermore, US national debt is now rising significantly faster than the size of the economy.
As a result, the debt-to-GDP ratio now stands at 121%, the highest in 3 years and near the recent record high.
Debt crisis is an understatement.
BREAKING: Total US public debt hits a record $36.17 TRILLION, up $1 trillion over the last 105 days.
US federal debt has risen by an average of $9.5 billion per day over the last 105 days.
At the current pace, total US debt would hit $40 trillion for the first time in history… pic.twitter.com/ZaAMIM5UxT
— The Kobeissi Letter (@KobeissiLetter) December 10, 2024
Debt-to-GDP set to rise from 97% to 172% (according to CBO).
This assumes no recessions, wars or pandemics.
With Yellen as Treasury Secretary, the deficit totaled $1.8 trillion in FY 2024. This marks the second year in a row that deficits have totaled nearly $2 trillion. pic.twitter.com/A7AZWUVZ0Z
— Hedgeye (@Hedgeye) December 10, 2024
One last money launder before the biden admin leaves office. https://t.co/AemR2NwJQd
— The Great Martis (@great_martis) December 10, 2024