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A New York Times opinion essay suggests revisiting the ancient Sumerian practice of debt forgiveness as a possible response to the United States’ $40 trillion national debt.
U.S. national debt has officially crossed $40 trillion for the first time, with borrowing rising rapidly and interest costs becoming an increasingly large part of federal spending.
Gold, silver, Bitcoin, and Ethereum added roughly $1.2 trillion in combined market value after the U.S. Treasury expanded long-end bond buyback operations, pushing Treasury yields lower.
The U.S. national debt is now expected to reach $40 trillion months earlier than previously forecast, while investors demand higher yields to finance rising government borrowing.
The U.S. national debt has surpassed $40 trillion, while economists say a full repayment is unlikely in the modern era.
Strategy adds 1,229 Bitcoin for $108.8 million, bringing total holdings to 672,497 BTC after funding the purchase via an equity ATM sale.