Quick Take
CryptoSlate reported on June 14 that the U.S. debt was approaching $32 trillion. Since then, the debt has continued to grow rapidly.
According to WolfStreet, last Friday, June 30, the Treasury Department reported that the U.S. national debt had seen a dramatic increase of $851 billion within just a month following the suspension of the debt ceiling on June 3. The national debt now rests at an astounding $32.32 trillion.
The WolfStreet report went on to discuss the composition of the U.S. national debt, which is made up of two distinct types of Treasury securities:
- Non-Marketable Treasury Securities, which aren’t available for trading on the bond market.
- Marketable Treasury Securities, which the government puts up for auction and can be freely traded on the bond market.
Furthermore, WolfStreet explained the suspension of the debt ceiling as Non-Marketable Treasury Securities have seen an increase of $123 billion, bringing the outstanding balance to $6.89 trillion. Similarly, Marketable Treasury Securities have risen by $728 billion, leading to a total of $25.43 trillion.
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.
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