Bloomberg Data: U.S. Public Debt Reaches Record High of $35.75 Trillion

According to data from Bloomberg, the total U.S. public debt has reached an unprecedented level of $35.75 trillion as of October 15, 2024. This marks a new all-time high, intensifying discussions around the sustainability of the country's fiscal policies.The surge in debt reflects ongoing economic challenges, including government spending to address inflation, interest rate hikes, and funding of various programs. As debt levels continue to rise, economists and policymakers are raising concerns about the long-term implications for economic stability and interest rate pressures.The escalating U.S. debt has also sparked debates on how this could impact global markets and the U.S. dollar's position as a reserve currency.