US Treasury Secretary Scott Bessent is implementing a plan for economic growth to surpass state debt, according to Vice President JD Vance.
US entrepreneur Elon Musk agreed that the United States will begin to collapse when its national debt reaches the $50-trillion milestone, following news that debt exceeded $40 trillion.
The Russian Finance Ministry has fulfilled its Eurobond coupon payment obligations for bonds maturing in 2027 and 2047, totaling 17.3 billion rubles ($234.8 million). Payments were processed according to a decree on honoring state debt liabilities.
Fitch Ratings projects US general government debt to exceed 120% of GDP by 2027, with a deficit of 7.9% of GDP expected this year and next. The current US state debt burden exceeds $39.1 trillion, representing over $114,000 per citizen.
