April 20, 2024



America Should Brace for Debtpocalypse in August Unless Congress Acts, Treasury Chief Says


By Ilya Tsukanov

June 25, 2016

US federal debt surpassed $28 trillion in March, with every man, woman and child in the country owing more than $85,000 for the federal government’s spending. Combined debt – which includes federal debt plus all other public and private obligations, stands at over $85 trillion – or over four times the US’ annual GDP.

Read more…https://sputniknews.com/business/202106251083242848-america-should-brace-for-debtpocalypse-in-august-unless-congress-acts-treasury-chief-says/