Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
US debt surpasses GDP; US media: hitting a worrying milestone

US debt surpasses GDP; US media: hitting a worrying milestone

老虎证券老虎证券2026/05/08 06:54
Show original
This is the first time since shortly after the end of World War II and the early stages of the COVID-19 pandemic that the United States has seen its debt ratio exceed 100% during a non-war period. "U.S. debt has reached a troubling milestone, yet the U.S. government shows no concern." On May 7, The New York Times published an article with this headline, stating that the U.S. debt has surpassed the nation's total economic output, marking a serious imbalance in the American economy. Economists worry that the worsening debt situation is pushing the United States toward a fiscal crisis and that the country may struggle to afford the ever-increasing interest on its debt.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.

Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.

智通财经2026/09/21 03:26

Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.

Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.

智通财经2026/09/21 03:21

The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.

The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.

智通财经2026/09/21 02:36