Tag: Federal debt

Capital and Risk, Macroeconomic

Gov’t Will Pay $640 Billion in Net Interest on Federal Debt This Year

March 28, 2023


As federal spending continues to rise, accumulated federal debt will soon reach all‐​time highs relative to the size of the economy. Federal debt held by the public will hit 107 percent of gross domestic product (GDP) in 2028, surpassing the […]

Capital and Risk, Macroeconomic

Debt Up $2 Trillion in 1 Year of Biden

January 26, 2022


When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12 […]

Capital and Risk, Macroeconomic

U.S. debt surged in first quarter, Fed data show

June 11, 2020

Via: Market Watch

The debt burden on the U.S. economy surged in the first quarter as the coronavirus pandemic struck, according to a report from the Federal Reserve released Thursday. Total domestic nonfinancial debt rose at a seasonally adjusted annual rate of 11.7% […]