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Why Janet Yellen Doesn’t Lose Sleep Over U.S. Borrowing

Por: Time Politics May 31, 2023

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Whether they favor debt-limit brinkmanship or not, are alarmed by the level of U.S. government borrowing. Treasury Secretary Janet Yellen isn’t one of them. Outstanding debt held by the public stood at $23.9 trillion as of the end of 2022. That’s 97% of gross domestic product, using the measure most popular among economists—roughly triple what it was 20 years earlier, and forecast to keep climbing. It’s a figure at the heart of the... + full article



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