What to know as fears grow that Russia will default on its debt : NPR
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A lesson in measuring the federal debt | FRED Blog
What’s the debt level of the U.S. federal government? The answer isn’t as straightforward as it may seem. A quick search on RE for “federal debtȁ delivers the graph above, which shows the total level of the federal debt, in millions of dollars, at a quarterly frequency since first quarter 1966. The latest figure, as of the writing of this post, corresponds to second quarter 2019 and amounts to over $22 trillion. We can also express the federal debt as a percentage of GP, like so:
In 1970, the federal debt was $372 billion
In 1970, the federal debt was $372 billion.
In at end of quarter 2020, the federal debt was $26,477 billion.
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years — ProPublica
The “King of debt promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.