US debt crosses 100% of GDP as Big Tech's $690B AI buildout competes for the same capital markets
The United States government now owes more than the country produces. Data released by the Bureau of Economic Analysis on 30 April showed that debt held by the public stood at $31.27 trillion at th...
Source: TNW | Next-Featured
The United States government now owes more than the country produces. Data released by the Bureau of Economic Analysis on 30 April showed that debt held by the public stood at $31.27 trillion at the end of March, while nominal GDP over the preceding 12 months was $31.22 trillion, pushing the ratio to 100.2 per […] This story continues at The Next Web
