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US gross national debt tops $40tn for first time
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Guardian Business
US gross national debt tops $40tn for first time
Milestone marks years of government spending that grew under both Donald Trump and Joe Biden
US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade.
The treasury’s latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history.
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19 Aug, 21:24
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Guido Fawkes
UK’s National Debt Tops £3 Trillion for First Time
Britain’s national debt has passed £3 trillion for the first time, according to TaxPayers’ Alliance (TPA) figures. That is around 95% of GDP, or more than £100,000 per household… The ONS had net debt at £2.99 trillion at the end of June. July alone last year added more than £20 billion, enough to tip the…
6 Aug, 07:42