Tag: US debt

• Friday, August 21st 2026 - 05:20 UTC

  US gross national debt passes 40 trillion dollars for the first time

  

  The gross public debt of the United States reached 40.047 trillion dollars on Tuesday, according to data released by the Treasury Department. It is the first time the figure has crossed that threshold, and it has arrived earlier than expected: the Congressional Budget Office had projected 39.4 trillion by the end of fiscal 2026 and placed the jump to 40 trillion in 2027.

• Saturday, May 16th 2020 - 07:18 UTC

  China calls on the US to “fulfill their financial obligations to the United Nations”

  

  China on Friday issued a statement calling on all UN member states to “actively fulfill their financial obligations to the United Nations,” stressing that Washington owes the organization more than US$2 billion.

• Tuesday, May 5th 2020 - 06:58 UTC

  US prepared to borrow a record US$ 3 trillion in second quarter; national debt soared above 100% of GDP

  

  United States has said it wants to borrow a record US$ 3 trillion in the second quarter, as coronavirus-related rescue packages blow up the budget. The sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis.

• Wednesday, October 19th 2011 - 16:33 UTC

  Great China (Beijing, HK, Singapore, Taiwan) reducing holdings of US debt

  

  China has reduced its holdings of US debt to their lowest level in a year, after the US's credit rating was downgraded by Standard & Poor's (S&P). China sold 36.5bn dollars in US Treasuries or bonds to cut its holding to 1.137bn in August, latest data by the US Treasury Department showed.