The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.
The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to [data](https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny) from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.
U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.
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The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.
The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to [data](https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny) from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.
U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.
More: [https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html](https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html)
This article doesn’t tell much. What is the percentage of increasing debt and how has that changed through time is the real question.
Time to raise taxes.
Yes and the economy is improving. Funny that.
Switch over to reducing the debt rather than greasing the wheels and see what happens to the economy.
Last time we paid off the debt, the economy crashed.
So what is *really* going on here? Even Powell admits he has no idea.
Im sure increasing taxes will pay all of this off!!
That people are itching to buy US treasures is a good thing, no?
No worries, plenty of foreign countries ready to take the reigns.
Consumer debt is also rising, especially credit cards. Good luck everyone
Seems completely sustainable to me….
What’s another 1 trillion! Keep blowing that money, it’ll work some day
After the first dozens, it’s just a number. Keep blowing