Why Washington's $40 trillion debt differs from major economies
The United States’s national debt surpassed $40 trillion last month, marking a grim milestone for the richest country in the world.
TL;DR
- The U.S. national debt has surpassed $40 trillion.
- The U.S. has a government gross debt-to-GDP ratio of 125.8%.
- Other major economies also have high debt-to-GDP ratios: France (118%), Canada (110%), China (106%), and the UK (103%).
- Fiscal experts suggest the U.S. is better positioned to handle its debt than other nations.
- Despite this, experts warn that the U.S.'s financial trajectory is unsustainable.