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US National Debt Hits $35 Trillion. Debt-to-GDP Ratio, at Scary Levels, Dips a Tad. And T-Bills’ Share of this Debt
by Wolf Richter, Wolf Street: We don’t even want to know what debt-to-GDP looks like in the next recession when it’ll get hit by a double-whammy. The US national debt – the total amount of Treasury securities – rose to $35.00 trillion, according to the Treasury Department on Friday (rounded to the nearest billion: $34.998 […]
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