Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

Finance & Markets

Staatsschulden: Staatsverschuldung der USA auf 40 Billionen Dollar gestiegen

Der Schuldenstand des US-Staates übersteigt erstmals die Summe von 40 Billionen Dollar. Geht es so weiter, könnte die nächste Marke schon in wenigen Jahren drohen.

Staatsschulden: Staatsverschuldung der USA auf 40 Billionen Dollar gestiegen

The US national debt has surpassed the 40 billion dollar mark for the first time, according to data from the US Treasury Department. As of Tuesday, the debt stood at 40.047.425.768.420,22 dollars, which is equivalent to approximately 34.3 trillion euros. Compared to a year ago, the debt stood at around 37.2 trillion dollars, indicating a drop of nearly three trillion dollars.

CNN reported that the United States is "digging itself into an ever-deeper debt hole," describing it as an ominous milestone that would have lingering effects for American citizens, businesses, and the government. Financial expert Michael Peterson estimated in an interview that the national debt would reach 50 trillion dollars within six years if the current trend continues.

He warned that this would endanger the economy and the future of the country. In the "New York Times," expert Marc Goldwein warned about the alarming trend of accumulating debt, stating, "The most frightening aspect is how we are witnessing the debt spiral out of control." The United States, like other countries, has a long history of high debt levels.

However, several developments have exacerbated the trend, including increasing interest payments and growing social and healthcare costs associated with an aging population. The debt reached this 40 billion dollar threshold sooner than anticipated, as the US Congressional Budget Office had projected in May 2023.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Thursday 20 August →