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Also, this number excludes state and local debt. According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.
The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share of the debt. As of 2017 [update] , it is installed on the western side of the Bank of America Tower , west of Sixth Avenue between 42nd and 43rd Streets in Manhattan , New York City .
According to the Peterson Foundation, the debt amounts to a national debt burden of more than $106,000 per person. In December 2023, The Center Square reported the national debt burden had ...
The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
The United States is stumbling toward a financial crisis, ... Our interest-bearing debt today is $34 trillion and growing rapidly. It is projected to grow to over $50 trillion in 10 years without ...
America’s national debt eclipsed $34 trillion for the first time in history.. Data from the Treasury Department shows the nation’s total outstanding debt passed the milestone figure on Dec. 29 ...
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
The federal government has paid north of $1 trillion in gross interest payments on its debt for fiscal 2024 as the national debt continues to climb. The Treasury Department said in a recent ...