Analysis: Total U.S. Debt Surpasses $37 Trillion for the First Time, Debt Crisis Becoming More Severe

BlockBeats news, on August 9, according to The Kobeissi Letter, today the total U.S. debt has officially surpassed $37 trillion for the first time in history. This means that since July 4, when Trump signed the 'Great American Bill' and raised the debt ceiling, the total U.S. debt has increased by $780 billion, which is equivalent to an average daily increase of $22 billion.

Just last week, the U.S. government threw out $724 billion in government bonds through 10 selling operations, making the U.S. debt crisis more serious than ever.