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Debt interest payments now equivalent to one-third of Social Security budget
- In 2022, US public debt rose 11.5% to $24.8 trillion1, as the US government accounted for more additional borrowing than every other country combined
- Total US debt is almost as large as Japan, China, France, the UK, Italy and Germany combined
- Globally, government debt rose 7.6% to a record $66.2 trillion in 2022
- Higher interest rates meant government interest bills soared 20.9% globally, the fastest rate of ...
>>> Read more: US government debt climbs to $24.8 trillion
- In 2022, US public debt rose 11.5% to $24.8 trillion1, as the US government accounted for more additional borrowing than every other country combined
- Total US debt is almost as large as Japan, China, France, the UK, Italy and Germany combined
- Globally, government debt rose 7.6% to a record $66.2 trillion in 2022
- Higher interest rates meant government interest bills soared 20.9% globally, the fastest rate of ...
>>> Read more: US government debt climbs to $24.8 trillion
