BTCC
/
BTCC Square
/
Global Cryptocurrency
/
U.S. Debt Soars to $38.5 Trillion, Fueling Fiscal Dominance Concerns
U.S. Debt Soars to $38.5 Trillion, Fueling Fiscal Dominance Concerns
19
3
BTCCSquare news:
The U.S. national debt has surged to a record $38.5 trillion, with domestic lenders holding over 70% of the total. Japan, China, and the United Kingdom remain the largest foreign creditors. The debt-to-GDP ratio now exceeds 120%, as annual interest payments surpass $1 trillion—eclipsing defense spending.
Fiscal sustainability debates intensify as pandemic-era spending and persistent social and defense outlays strain economic planning. Market liquidity and inflationary pressures loom, with the Treasury's borrowing pace outstripping GDP growth by a widening margin.
By:
