The Gold IRA Company

Wolf Street: US Government Debt Spikes by $1.2 Trillion Since Debt Ceiling, to $32.7 Trillion. Treasury to Add $1.5 Trillion in Debt by Year-End

Article by Wolf Richter in Wolf Street

To set the scene for what’s to come in a moment: The total US national debt spiked by $1.19 trillion since the debt ceiling was lifted, to $32.66 trillion.

And to set the scene further: This $32.66 trillion of debt is composed of two groups of Treasury securities:

• $6.9 trillion of nonmarketable (not traded in the market) Treasury securities that have been bought by US government pension funds, the Social Security Trust Fund, etc.
• $25.7 trillion in marketable securities(Treasury securities held and traded by the global public, from regular folks to central banks, including the Fed).

Marketable securities outstanding have spiked by $1.05 trillion since the debt ceiling was lifted on June 2, a huge …..

To read this article in Wolf Street in full with charts, click here.

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.