MarketPR
Total public debt outstanding in the United States has exceeded $40 trillion for the first time in history.
According to the provided analysis, this figure represents nearly $300,000 per household and signals a significant escalation in the nation's fiscal obligations.
The debt-to-GDP ratio, a common benchmark for assessing national debt, now exceeds 124% of gross domestic product.
The text notes that only a small number of countries, including Sudan, Venezuela, and developed economies such as Japan, Greece, and Italy, rank worse on this metric.
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