Geopolitics

United States debt exceeds 40 trillion dollars for the first time - Atalayar

Source: Atalayar

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DW NOTE

The US has now borrowed more than the entire global economy produced in 2022. Congress raised the debt ceiling by $5 trillion this year; it took eight months to spend through it. The deficit is running at $2 trillion — double the nominal target — while the Fed holds rates at 3.75% and inflation stays above target. There is no plan, only compounding.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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United States debt exceeds 40 trillion dollars for the first time - Atalayar

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