#USNationalDebt according to the report in ISTO É DINHEIRO which states:

Since 2012, the total debt of the U.S. government has increased by about US$ 25 trillion, while foreign investors have accumulated over US$ 22 trillion in U.S. assets on a net basis, says the Institute of International Finance (IIF) in a report on Thursday, 22. It is as if each additional dollar of U.S. public debt corresponds to about US$ 5 in additional household wealth, while each net dollar of foreign investment translated into about US$ 4.5.

However, in recent years, there has been a decrease in returns on foreign investment and, to a lesser extent, additional government borrowing. According to the IIF, this raises concerns about the sustainability of the current wealth accumulation model and may help explain the emphasis of Donald Trump's government on trade rebalancing and its greater focus on the long-term trajectory of U.S. sovereign debt.

With the country's budget deficits reaching their highest level since 2021, despite some increase in tariff revenues, it is likely that an advance in government borrowing will exert more upward pressure on long-term interest rates, the institution points out.

"Even if the anticipated interest rate cuts by the Federal Reserve (Fed) in the second half of 2025 help contain short-term borrowing costs, this combination sets the stage for a higher term premium," it adds.