U.S. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up The United States, the world’s wealthiest nation, has seen its public debt skyrocket to a staggering $34 trillion, setting a new record even when adjusted for inflation. This alarming increase in debt levels is a trend mirrored in many major economies globally. The situation raises critical concerns about the long-term financial sustainability of key entitlement programs like Medicare and Social Security in the U.S., with debates intensifying in Washington. An impending battle over the debt ceiling is on the horizon, with the current agreement set to expire in January 2025. The U.S. debt-to-GDP ratio has climbed to a concerning 123%, according to the International Monetary Fund (IMF). « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says READ MORE Janet Yellen warns inflation decline might not be ‘smooth’ READ MORE Asia gold: Dealers grapple as sky-high rates erode demand in key hubs READ MORE Warning Signs: Recent Bank Failures and the Fragile Global Financial System READ MORE Fed Minutes: Patience Prevails as Officials Await Clearer Inflation Trend READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment