The recent acrimony & debate about raising the nation’s debt ceiling is now behind us – for the time being anyway. However, the fact remains that U.S. government debt now stands at 129% of GDP (as of June). Today’s chart from the Visual Capitalist shows the sharp rise in the debt ceiling in recent years by pulling data from various sources including the World Bank, U.S. Department of Treasury, and the Congressional Research Service. Stay safe and have a Happy Friday!!!
Hat tip to the Visual Capitalist.