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$473 Billion Debt Increase in Just Three Weeks Pushes U.S. National Debt to Unprecedented Levels

Author: Content Editor
The total U.S. Federal debt has increased by $473 billion in the past three weeks, reaching a record $35.8 trillion. This means that the country has taken on $1,450 of debt for every American in that period and now holds a record $103,700 of debt for every American. Interest payments for this year have reached $1.16 trillion, surpassing $1 trillion for the first time ever. The U.S. deficit spending as a percentage of its Gross Domestic Product (GDP) is at World War 2 levels and is considered unsustainable. Despite these concerns, JPMorgan Chase CEO Jamie Dimon is more worried about ongoing geopolitical threats from an "evil axis."

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