US debt crisis

The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year over the next decade, due to the cost of pensions and medical care for the retiring Baby Boomers.

The head of the US Federal Reserve, Jerome Powell, is concerned about US debt, which has recently topped $21.9 trillion, according to US Treasury Department data.

The year-on-year surge in US sovereign debt has totaled $1.37 trillion, the latest data released by the US Treasury Department shows.

A $2.4 million daydreaming study and a very scientific examination of the sex habits of coked-up quails topped Senator Rand Paul’s annual list of maddening government waste, which this year clocked in at $114 million.

The two biggest foreign holders of America’s sovereign debt pared their holdings in October, according to the latest data released by the US Treasury Department. Foreign holdings of US Treasuries have fallen to a one year low.

Latest data from the US Treasury Department shows that the federal government is sitting on $21.85 trillion of debt. At current pace it is likely to hit the $22 trillion mark next month.