The current gross U.S debt stands at $39 trillion, which experts say is not the real problem. Instead, its the current path Congress has taken of spending more than taking in which seems “not sustainable.”
Data & financial journalist covering global economics and policy
The current gross U.S debt stands at $39 trillion, which experts say is not the real problem. Instead, its the current path Congress has taken of spending more than taking in which seems “not sustainable.”
The cost of borrowing is already choking crucial public spending across many developing economies. But now it is triggering wider concerns.
The country once mocked for fiscal collapse may soon look more disciplined than the world’s largest economy.
As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.