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US National Debt Surpasses  Trillion — US Debt Clock Statistics – Business & Economics
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US National Debt Surpasses $36 Trillion — US Debt Clock Statistics – Business & Economics

NEW YORK, November 15. /TASS/. The U.S. national debt has surpassed $36 trillion for the first time in history, according to statistics from the U.S. Debt Clock service.

The service’s database shows $36 trillion in the “total national debt” column as of Nov. 15. This is a record figure. In early January, it topped $34 trillion.

Earlier, Republicans criticized US President Joe Biden for his policies, which, in their opinion, led to an increase in the national debt.

In June, the IMF in its report on the results of the review of the US economy stressed that the country must urgently address the problem of the national debt, which by 2032 will rise to 140% of GDP. The IMF said the continued rise in the public debt-to-GDP ratio must be halted urgently.

“Such large deficits and debt create increasing risk for the US and the global economy, potentially contributing to higher fiscal financing costs and increasing risk to the smooth rollover of maturing obligations,” the Fund said.

According to projections by the Congressional Budget Office, the national debt in 2034 will exceed $50 trillion (122% of GDP). According to the bureau’s estimates, the average annual GDP growth in the period 2029-2034 will be 1.8%.