AcasăNorth American NewsUS starts fiscal year with record $31 trillion in debt

US starts fiscal year with record $31 trillion in debt

Published on

The United States’ gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday that logs America’s daily finances, AP reports.

The Congressional Budget Office earlier this year released a report on America’s debt load, warning in its 30-year outlook that, if unaddressed, the debt will soon spiral upward to new highs that could ultimately imperil the U.S. economy.

In full, this year’s deficit will decline by $1.7 trillion, representing the single largest decline in the federal deficit in American history, the Office of Management and Budget said in August.

AP

Latest articles

Romanian National News Agency (Agerpres) & Moldovan state agency (Moldpres) – sign new collaboration agreement

AGERPRES special correspondent Cristian Lupascu reports: AGERPRES Romanian National News Agency has signed on...

President Iohannis meets Emirati PM on Romania-UAE development, education co-operation

On an official visit to the United Arab Emirates (UAE) on Tuesday, Romania's President...

Romanian Defense Ministry demands that Parliament okays acquisition of weapon systems, air-to-air missiles, combat vehicles

The Ministry of National Defense (MApN) requested the approval by the Parliament for the...

Bucharest Stock Exchange closes higher Tuesday’s trading session

The Bucharest Stock Exchange (BVB) closed Tuesday's trading session higher on almost all indices,...

More like this

Romanian National News Agency (Agerpres) & Moldovan state agency (Moldpres) – sign new collaboration agreement

AGERPRES special correspondent Cristian Lupascu reports: AGERPRES Romanian National News Agency has signed on...

President Iohannis meets Emirati PM on Romania-UAE development, education co-operation

On an official visit to the United Arab Emirates (UAE) on Tuesday, Romania's President...

Romanian Defense Ministry demands that Parliament okays acquisition of weapon systems, air-to-air missiles, combat vehicles

The Ministry of National Defense (MApN) requested the approval by the Parliament for the...