After the last bond issuance, the U.S. Treasury debt reached $40.047 trillion, exceeding the estimates of the Congressional Budget Office (CBO), which anticipated a value of $39.400 trillion by the end of the year. This rapid increase is driven by health-related borrowing and social security, as well as rising interest rates.
The yield on long-term bonds has reached its highest level since 2007, leading to higher refinancing costs.
The Ministry of Finance has announced measures to reassure investors, including bond buybacks.
The national debt has doubled since the financial crisis of 2008 and now represents nearly 125% of the U.S. GDP.
Deficits have increased, reaching 6-7% of GDP, which has generated nervousness in the markets.
Although there is no debt threshold that would automatically trigger a crisis, concerns persist in the context of government spending and tax cuts.
Sources
Latest News
11:52
11:44
11:37
11:23
11:08
See more news