#USNationalDebt 🫣 The US national debt has reached $37 trillion

📈 DebtClock — a resource that displays various economic indicators in real-time — has published fresh data on the US national debt. According to estimates, it has reached $37 trillion. Over the past eight months, it has increased by $2 trillion.

💵 Additionally, it is known that the government spends $7.1 trillion (which is more than what goes to defense), and the budget deficit is over $2 trillion. 25% of the revenue in the federal treasury is spent on servicing debt interest.

ℹ️ This may be one of the reasons why Trump is in such a hurry to pass the stablecoin law. The country's Treasury believes that this could positively impact the demand for US bonds and reduce the national debt.