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Main » 2016 » February » 3 » US national debt exceeded $ 19 trillion
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US national debt exceeded $ 19 trillion
 
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US government debt, according to the US Ministry of Finance updated the next record and the end of January exceeded $ 19 trillion, reaching 103% of GDP.During the presidency of Barack Obama's US debt has almost doubled - at the time of his election, he was $ 10.6 trillion. This gave an occasion to accuse the Republicans of the Obama administration in the inefficient use of budget funds.The White House, in turn, denies the charges, and the growth of the national debt explains the consequences of the struggle with the economic crisis that erupted when Republican George W. Bush.

 

 

In 2017, the United States will face the need to once again raise the debt ceiling. Although in recent years it has become a routine procedure, which, however, is not without a hard political bargaining between the two parties, and even led to a temporary halt of the government.


In any case, the burden of debt is considered in terms of the value of its services, and manages US Treasury to borrow cheaply enough. Despite the fact that some countries, including China, are cutting investments in US debt, the general interest of investors in these securities on long periods of time does not weaken and as the normalization of interest rates in the US will grow.


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