Xinhua Headlines: U.S. record 40 trillion-dollar debts fuel global financial risks - indiagazette.com
Xinhua Headlines: U.S. record 40 trillion-dollar debts fuel global financial risks - indiagazette.com
Source: indiagazette.com
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DW NOTE
The U.S. debt passed $40 trillion after Congress lifted the ceiling by $5 trillion this month — an increase equal to the entire federal debt in 2007. The deficit is running at 6% of GDP with rates at 4.7%. That's not a risk. It's the baseline.