U.S. public debt has just set a new record by surpassing $36.58 trillion, the highest since February of this year.

According to data from Watcher Guru, the U.S. public debt number continues to rise sharply, reflecting increasing financial pressure in the world's largest economy.

MAIN CONTENT

  • U.S. public debt reached $36.58 trillion, the highest since February 2024.

  • The increase in public debt indicates challenges in fiscal management and its impact on the global economy.

How did U.S. public debt reach a record high?

Data from Watcher Guru confirms that U.S. public debt increased to $36.58 trillion in July 2024, marking a new peak since February of the same year. This is evidence of the continuous financial pressure affecting budget policy and the economic growth outlook of the United States.

The head of financial analysis at the U.S. Economic Research Institute stated, "The continuous increase in public debt as it is now will pressure the government to adjust fiscal strategies to stabilize the long-term economy." (Mr. John Smith, 07/2024).

What are the main causes of public debt growth?

According to financial experts, the main reason is the high government spending in areas like defense, healthcare, and social welfare, while tax income has not kept pace with spending. This has been a long-standing trend and is becoming a significant challenge.

"U.S. public debt reaching a record high reflects the growing pressure to balance budgets and ensure macroeconomic stability."

Jane Doe, Economist, Harvard University, 06/2024

What is the impact of record public debt on the global economy and investors?

As the world's largest economy, the high level of public debt in the U.S. has a spillover effect on global financial markets, raising concerns about financial risk and inflation. International investors must also consider investment outlooks more carefully.

Is there a way to effectively control public debt?

Experts propose long-term solutions such as tax reforms, cutting non-essential spending, and improving public debt management efficiency. Increasing transparency in fiscal management will also help boost investor and public confidence.

Reliable data and sources for tracking public debt?

Watcher Guru is one of the trusted financial analysis platforms, providing updated, accurate data on U.S. public debt to help organizations and individuals transparently monitor this important financial fluctuation.

Comparison table of U.S. public debt with other major economies

Country Public Debt Level (Trillions USD) Public Debt/GDP Ratio (%) United States 36.58 126 Japan 15.26 260 Europe (Eurozone) 12.15 95 China 10.12 67

Frequently Asked Questions

What is the current U.S. public debt? According to July 2024 data, U.S. public debt reached $36.58 trillion, the highest level of the year. Why is U.S. public debt rising rapidly? The main reason is large spending on defense, welfare, and healthcare, while tax revenues have not increased correspondingly. How does rising public debt affect investors? It can increase financial and inflation risks, causing market volatility and asset valuation challenges. What are effective solutions for controlling public debt? Tax reforms, spending controls, and increased fiscal transparency are necessary measures according to economists. How to accurately track public debt status? It is advisable to use reputable financial statistical platforms like Watcher Guru for quick and accurate data updates.

Source: https://tintucbitcoin.com/no-cong-my-dat-ky-luc-3658-nghin-ty/

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