Skip to main content
New York
Chicago
London
Paris
Kyiv
Sydney
Tokyo
Shanghai
Dubai
Sao Paulo
Madrid

US debt rose by 570 billion in June and exceeded the GDP of China, Japan, Germany and the UK combined

In the past two weeks alone, more than half a trillion dollars has been thrown into the US government's debt spiral. According to the latest data, as of June 20, the US national debt stood at $32.03 trillion, up $571 billion from its $31.46 trillion on June 1. The total US debt is currently greater than the combined gross domestic product of China, Japan, Germany, and the UK combined, at $244,000 per American household. At current interest rates, the US currently pays out more than $2 billion a day in interest payments, and even if every American family contributed $1,000 a month to...

Continue reading

Share