China Daily: US debt hits record as cost to service it rises

Quick Summary:

"The longer-run issue is the question: How will we know when the debt is too high to be sustained?

" said Raymond Hill, senior lecturer of finance at the Goizueta School of Business at Emory University, to China Daily.

The federal government spent $3.1 trillion more than it received in 2020, when the COVID-19 pandemic emerged, and it spent $2.8 trillion more than it took in the next year.

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Article Details

Category: InvestingFinance

Markets: MalaysiaChinaUnited States

Topics: Debt (oct China Government United Trillion Borrowing Spent National Interest States

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-06 @ 07:37:43 (5 months ago)

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Article Length: 180 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 755375

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