The public debt of the United States for the first time in history has passed the $34 trillion threshold. Treasury Secretary Jennette Yellen in a conversation with journalists called these figures frightening, writes RIA Novosti. However, she expressed confidence that the country's economy, which is, by her definition, "impressive", will help manage such a huge amount. Thus she reacted to the collapse of government bonds with a 5-year maturity, which occurred last week - according to Vedomosti, it was the sharpest since May 2023.

The country's national debt has grown by $4 trillion in two years, and it has doubled in the last ten years, according to Vedomosti. The publication estimates that servicing it this year may require more than $1 trillion; according to RIA Novosti's calculations, it may take about one-third of budget revenues.

The $34 trillion mark was exceeded on January 3, according to the statistics of the country's Ministry of Finance.